Motiva Infra. de Mobilidade SA (MOTV3.SA): June LfL traffic +3% YoY; 2Q slightly above GSe on Fernao Dias performance

Research evidence excerpt

Motiva Infra. de Mobilidade SA (MOTV3.SA): June LfL traffic +3% YoY; 2Q slightly above GSe on Fernao Dias performance

Goldman Sachs Motiva Infra. de Mobilidade SA (MOTV3.SA)

banking services within the previous twelve months.

Price target and rating history chart(s)

Target price history table(s)

Motiva Infra. de Mobilidade SA (MOTV3.SA)

Date of report Target price (R$) Closing price (R$)

01-Jun-26 15.00 14.13

09-Mar-26 15.70 15.71

27-Jan-26 15.40 17.00

05-Nov-25 14.30 16.03

09-Sep-25 13.50 14.69

19-May-25 12.40 13.61

31-Mar-25 12.00 11.64

15-Jan-25 12.30 10.44

10-Dec-24 11.60 10.84

04-Jun-24 13.60 12.01

05-Mar-24 15.30 13.86

16-Nov-23 16.20 13.32

11-Aug-23 17.20 13.16

Price targets shown in table(s) are unadjusted for corporate actions.

Regulatory disclosures

Disclosures required by United States laws and regulations

See company-specific regulatory disclosures above for any of the following disclosures required as to companies referred to in this report: manager or

co-manager in a pending transaction; 1% or other ownership; compensation for certain services; types of client relationships; managed/co-managed

public offerings in prior periods; directorships; for equity securities, market making and/or specialist role. Goldman Sachs trades or may trade as a

principal in debt securities (or in related derivatives) of issuers discussed in this report.

The following are additional required disclosures: Ownership and material conflicts of interest: Goldman Sachs policy prohibits its analysts,

professionals reporting to analysts and members of their households from owning securities of any company in the analyst’s area of coverage. Analyst

compensation: Analysts are paid in part based on the profitability of Goldman Sachs, which includes investment banking revenues.