.1.

Gold Spot Contract 0.225 Gram (Odd Lot)

- Specifications -

1. Underlying asset
Fine gold in bars, cast by a refiner and kept in a depository institution, both of which accredited
by BM&FBOVESPA.

2. Price quotation
Brazilian Reals (BRL) per gram to three decimal places.

3. Tick size
BRL 0.001 per gram.

4. Maximum daily price fluctuation

There are no price fluctuation limits. The Exchange, however, may exceptionally establish
them, at its own discretion.

5. Contract size
0.225 of a gram of fine gold.

6. Day trade
Buy and sell transactions for daily settlement (day trade) are accepted as long as they are
executed in the same trading session, by the same investor (or local), intermediated by the same
commodities brokerage house and registered by the same clearing member. The results obtained
from these trades are cash settled on the business day after their execution.

7. Settlement conditions
The seller shall physically settle by delivering 0.225 of a gram of gold contained in 250 gram or
1 kilogram gold bars, assaying not less than .999 fineness, or in 100 or 400 troy ounce gold
bars, assaying not less than .995 fineness, or in fractions of these bars held in a deposit account
with BM&FBOVESPA’s book-entry custody service.

The buyer shall cash settle on the business day following the trading session transaction, with
the value calculated by the following formula:

𝑉𝐿 = 𝑃 × 0.225

where:
𝑉𝐿 = the cash settlement value per contract;
𝑃 = the price contracted per gram.

8. Auto match
Registered orders that are not cancelled by the close of the day’s trading session will be auto
matched at the day’s closing price. Outstanding orders will be matched against
BM&FBOVESPA to the limit of 125 grams per customer. The price base will be the day’s
closing price, in accordance with the following criteria:

- 99.7% of the closing price, where BM&FBOVESPA is the buying central counterparty;
- 100.3% of the closing price, where BM&FBOVESPA is the selling central counterparty.

Updated version by Circular Letter 133/1994-SG, in June 30, 1994.

 .2.

The day’s closing price is considered, for auto match purposes, as the weighted average of
trades executed in the last 15 minutes of the trading session for the spot gold contract 250 grams
(round lot).

9. Trading costs
• Basic commission rate
Regular and day trading: 0.4%.
The basic commission rate, subject to a minimum value established by the Exchange, is
calculated on the value of the trade.

• Exchange Charges (exchange fees and contribution to the Guarantee Fund)

6.23% of the basic commission rate.
Trading costs shall be due on the business day following the execution of the trade in the
session.
Common members shall pay no more than 75% of the basic commission rate and 75% of the
Exchange charges.
Institutional investors shall pay 75% of the registration and exchange fees.

10. Further regulations

This contract shall be subject, where applicable, to the prevailing legislation and to
BM&FBOVESPA rules, regulations, and procedures, as defined in its Bylaws, Operating Rules,
and Circular Letters, as well as the Memorandum of Intent between securities, commodities and
futures exchanges, of May 25, 1988, also observing the specific rules of the Central Bank of
Brazil.

Updated version by Circular Letter 133/1994-SG, in June 30, 1994.