Payment of Divideds

São Paulo, April 16, 2020 – São Carlos Empreendimentos e Participações S.A. (“São Carlos” or “Company”; B3: SCAR3) hereby informs its shareholders that the payment of dividends in the amount of R$ 3,563,245.25 (three million, five hundred and sixty three thousand, two hundred and forty five reais and twenty-five cents) or R$ 0.063011 per share was approved in the Annual Shareholders Meeting held in this date. The dividends are part of the mandatory dividends and refer to the 2019 fiscal year, pursuant to the Company´s by-laws.

The proceeds will be available based on shareholding position of April 30th, 2020 and will be traded ex-dividends on May 4, 2020. The dividends will be paid on May 29, 2020, without any monetary adjustment.

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For further information, please contact the Investor Relations department:

Investor Relations Department
Tel.: (55 11) 3048-5419

About São Carlos
São Carlos Empreendimentos is one of the main companies in the sector of investment and administration of commercial properties in Brazil. Its goal is to maximize rental revenues and the real estate portfolio´s market value. Our business strategy includes investing in commercial properties, retrofitting our real estate and increasing rent, and disposing of already matured properties. We currently have a portfolio which includes mostly class A office buildings and retail stores, located in the States of São Paulo and Rio de Janeiro.