• MMC’s BDR program will undergo a mandatory stock split tied to a ratio change between BDRs and underlying shares.
• The underlying-to-BDR ratio will shift to 1:16 from 1:2, effective at the market open on 27/07/2026.
• Each 1 BDR held on 24/07/2026 will receive 7 additional BDRs, based on the prior 1:2 ratio.
• BDRs will trade ex-split in Brazil on 27/07/2026; new BDRs are scheduled to be credited on 29/07/2026.
• Fractional entitlements will be settled in cash, subject to income tax withholding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MMC - Marsh & McLennan Companies Inc. published the original content used to generate this news brief on July 15, 2026, and is solely responsible for the information contained therein.