

<ROOT>
    <TITULO>Securities auction</TITULO>
    <RESULTS>
        
                <RESULT>
                    <Instrument>TIM</Instrument>
                    <Date_of_Issue>11/09/2026</Date_of_Issue>
                    <Term>180</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>1 200,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>399,0</Placement_br_Millions_of_CVE>
                    <Maturity>10/03/2027</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TIM</Instrument>
                    <Date_of_Issue>07/09/2026</Date_of_Issue>
                    <Term>182</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>900,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>300,0</Placement_br_Millions_of_CVE>
                    <Maturity>08/03/2027</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TRM</Instrument>
                    <Date_of_Issue>02/09/2026</Date_of_Issue>
                    <Term>14</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>400,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>100,0</Placement_br_Millions_of_CVE>
                    <Maturity>16/09/2026</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TIM</Instrument>
                    <Date_of_Issue>26/08/2026</Date_of_Issue>
                    <Term>180</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>1 200,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>399,0</Placement_br_Millions_of_CVE>
                    <Maturity>22/02/2027</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TIM</Instrument>
                    <Date_of_Issue>18/08/2026</Date_of_Issue>
                    <Term>181</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>1 500,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>500,0</Placement_br_Millions_of_CVE>
                    <Maturity>15/02/2027</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TIM</Instrument>
                    <Date_of_Issue>12/08/2026</Date_of_Issue>
                    <Term>30</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>1 200,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>399,0</Placement_br_Millions_of_CVE>
                    <Maturity>11/09/2026</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TIM</Instrument>
                    <Date_of_Issue>06/08/2026</Date_of_Issue>
                    <Term>180</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>1 500,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>500,0</Placement_br_Millions_of_CVE>
                    <Maturity>02/02/2027</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TRM</Instrument>
                    <Date_of_Issue>03/08/2026</Date_of_Issue>
                    <Term>14</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>500,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>100,0</Placement_br_Millions_of_CVE>
                    <Maturity>17/08/2026</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TIM</Instrument>
                    <Date_of_Issue>27/07/2026</Date_of_Issue>
                    <Term>270</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>1 500,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>500,0</Placement_br_Millions_of_CVE>
                    <Maturity>23/04/2027</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TIM</Instrument>
                    <Date_of_Issue>20/07/2026</Date_of_Issue>
                    <Term>182</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>1 500,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>500,0</Placement_br_Millions_of_CVE>
                    <Maturity>18/01/2027</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TIM</Instrument>
                    <Date_of_Issue>13/07/2026</Date_of_Issue>
                    <Term>365</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>1 500,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>500,0</Placement_br_Millions_of_CVE>
                    <Maturity>13/07/2027</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TIM</Instrument>
                    <Date_of_Issue>06/07/2026</Date_of_Issue>
                    <Term>182</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>1 500,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>500,0</Placement_br_Millions_of_CVE>
                    <Maturity>04/01/2027</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TRM</Instrument>
                    <Date_of_Issue>02/07/2026</Date_of_Issue>
                    <Term>14</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>300,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>99,0</Placement_br_Millions_of_CVE>
                    <Maturity>16/07/2026</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TIM</Instrument>
                    <Date_of_Issue>25/06/2026</Date_of_Issue>
                    <Term>180</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>1 500,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>500,0</Placement_br_Millions_of_CVE>
                    <Maturity>22/12/2026</Maturity>
                </RESULT>
            
                <RESULT>
                    <Instrument>TIM</Instrument>
                    <Date_of_Issue>17/06/2026</Date_of_Issue>
                    <Term>271</Term>
                    <Rate_>2,5000</Rate_>
                    <Search_br_Millions_of_CVE>1 800,0</Search_br_Millions_of_CVE>
                    <Placement_br_Millions_of_CVE>600,0</Placement_br_Millions_of_CVE>
                    <Maturity>15/03/2027</Maturity>
                </RESULT>
            
    </RESULTS>
</ROOT>
