Exhibit 99.1 Management Discussion & Analysis and Complete Financial Statements 2Q19 Itaú Unibanco Holding S.A. www.itau.com.br/investor-relations @Itaú @Itaú /Itaú /bancoitau facebook.com/Itaú Exhibit 99.1 Management Discussion & Analysis and Complete Financial Statements 2Q19 Itaú Unibanco Holding S.A. www.itau.com.br/investor-relations @Itaú @Itaú /Itaú /bancoitau facebook.com/Itaú

Contents Executive Summary 03 Management Income Statement and Balance Sheet Analysis 11 Discussion & Managerial Financial Margin 12 Analysis Cost of Credit 13 Credit Quality 15 Page 03 Commissions and Fees & Result from Insurance 17 Result from Insurance, Pension Plan and Premium Bonds 19 Non-interest Expenses 20 Balance Sheet 22 Credit Portfolio 23 Funding 25 Capital, Liquidity and Market Ratios 26 Results by Business Segments 27 Results by Region - Brazil and Latin America 29 Activities Abroad 30 Additional Information 32 Itaú Unibanco Shares 33 Disclosure Criteria 34 Report of Independent Auditors 37 Complete Financial Statements Page 39 Contents Executive Summary 03 Management Income Statement and Balance Sheet Analysis 11 Discussion & Managerial Financial Margin 12 Analysis Cost of Credit 13 Credit Quality 15 Page 03 Commissions and Fees & Result from Insurance 17 Result from Insurance, Pension Plan and Premium Bonds 19 Non-interest Expenses 20 Balance Sheet 22 Credit Portfolio 23 Funding 25 Capital, Liquidity and Market Ratios 26 Results by Business Segments 27 Results by Region - Brazil and Latin America 29 Activities Abroad 30 Additional Information 32 Itaú Unibanco Shares 33 Disclosure Criteria 34 Report of Independent Auditors 37 Complete Financial Statements Page 39

Management Discussion & Analysis Management Discussion & Analysis and Complete Financial Statements Management Discussion & Analysis Management Discussion & Analysis and Complete Financial Statements

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Executive Summary Management Discussion & Analysis Managerial Income Summary We present below the financial indicators of Itaú Unibanco determined at the end of the period. In R$ millions (except where indicated), end of period 2Q19 1Q19 2Q18 1H19 1H18 7,034 6,877 6,382 13,911 12,801 Recurring Net Income (1) 29,492 28,208 28,021 57,700 55,446 Operating Revenues (2) 18,451 17,668 17,295 36,119 34,294 Managerial Financial Margin (3) 23.5% 23.6% 21.6% 23.6% 22.0% Recurring Return on Average Equity – Annualized - Consolidated (3) Recurring Return on Average Equity – Annualized - Brazil 24.6% 24.8% 22.5% 24.8% 23.3% (4) Recurring Return on Average Assets – Annualized 1.7% 1.7% 1.7% 1.7% 1.7% Nonperforming Loans Ratio (90 days overdue) - Total 2.9% 3.0% 2.8% 2.9% 2.8% Nonperforming Loans Ratio (90 days overdue) - Brazil 3.5% 3.7% 3.4% 3.5% 3.4% Nonperforming Loans Ratio (90 days overdue) - Latin America 1.4% 1.4% 1.5% 1.4% 1.5% (5) Coverage Ratio (Total Allowance/NPL 90 days overdue) 208% 208% 248% 208% 248% (6) Efficiency Ratio (IE) 46.2% 46.3% 47.1% 46.3% 46.5% (6) Risk-Adjusted Efficiency Ratio (RAER) 60.9% 60.9% 61.0% 60.9% 60.9% (7,8) Recurring Net Income per Share (R$) 0.72 0.71 0.66 (7,8) 0.70 0.69 0.64 Net Income per Share (R$) (8) Number of Outstanding Shares at the end of period – in millions 9,743 9,743 9,713 (8) 12.91 12.30 12.54 Book Value per Share (R$) (9) 6,136 2,407 3,066 Dividends and Interest on Own Capital net of Taxes (10) 354,265 334,179 260,639 Market Capitalization (10) 92,444 85,760 67,597 Market Capitalization (US$ million) 1,678,378 1,651,425 1,542,684 Total Assets 659,727 647,061 623,256 Total Credit Portfolio, including Financial Guarantees Provided and Corporate Securities (11) 698,326 690,371 Deposits + Debentures + Securities + Borrowings and Onlending 666,635 (11) Loan Portfolio/Funding 79.2% 78.7% 77.8% 125,737 119,824 121,758 Stockholders' Equity Solvency Ratio - Prudential Conglomerate (BIS Ratio) 16.3% 16.0% 17.2% (12) Tier I Capital - BIS III 14.9% 14.6% 14.2% (12) Common Equity Tier I - BIS III 13.6% 13.3% 13.2% Liquidity Coverage Ratio (LCR) 167.2% 164.0% 169.5% (13) Net Stable Funding Ratio (NSFR) 121.1% 122.8% - Assets Under Administration 1,200,283 1,158,642 1,050,220 98,446 99,661 99,914 Total Number of Employees Brazil 85,161 86,204 86,144 13,285 13,457 13,770 Abroad Branches and CSBs – Client Service Branches 4,722 4,934 4,904 (14) ATM – Automated Teller Machines 47,505 47,953 47,650 Note: (1) Operating Revenues are the sum of Managerial Financial Margin, Commissions and Fees and Revenues from Insurance, Pension Plan and Premium Bonds Operations before Retained Claims and Selling Expenses; (2) Detailed in Managerial Financial Margin section; (3) Annualized Return was calculated by dividing Recurring Net Income by Average Stockholders’ Equity. The quotient was multiplied by the number of periods in the year to derive the annualized rate. The calculation bases of returns were adjusted by the amount of dividends that has not yet been approved at shareholders’ or Board meetings, proposed after the balance sheet closing date; (4) The return was calculated by dividing Recurring Net Income by Average Assets; (5) Includes the balance of allowance for financial guarantees provided; (6) For further details on the calculation methodologies of both Efficiency and Risk- Adjusted Efficiency ratios, please refer to the Disclosure Criteria, Glossary section; (7) Calculated based on the weighted average number of outstanding shares for the period; (8) Considers the 50% stock split occurred in November 2018. For comparison the number of shares in 2Q18 was recalculated and prior to the split the amount was 6,476 million; (9) Interest on own capital. Amounts paid/provisioned, declared and reserved in stockholders’ equity; (10) Total number of outstanding shares (common and non-voting shares) multiplied by the average price of the non-voting share on the last trading day in the period; (11) As detailed in the Balance Sheet section; (12) For periods prior to 2019, considers the immediate and full application of the Basel III rules and, in 2Q18, considers the pro forma impact of the acquisition of investment in XP (-80 bps); (13) We began to disclose the NSFR in 4Q18. For further details, please refer to the Capital, Liquidity and Market Ratios section; (14) Includes ESBs (electronic service branches) and service points at third-party locations and Banco24Horas ATMs. Itaú Unibanco Holding S.A. 05 Other Balance Sheet Shares Performance ResultsExecutive Summary Management Discussion & Analysis Managerial Income Summary We present below the financial indicators of Itaú Unibanco determined at the end of the period. In R$ millions (except where indicated), end of period 2Q19 1Q19 2Q18 1H19 1H18 7,034 6,877 6,382 13,911 12,801 Recurring Net Income (1) 29,492 28,208 28,021 57,700 55,446 Operating Revenues (2) 18,451 17,668 17,295 36,119 34,294 Managerial Financial Margin (3) 23.5% 23.6% 21.6% 23.6% 22.0% Recurring Return on Average Equity – Annualized - Consolidated (3) Recurring Return on Average Equity – Annualized - Brazil 24.6% 24.8% 22.5% 24.8% 23.3% (4) Recurring Return on Average Assets – Annualized 1.7% 1.7% 1.7% 1.7% 1.7% Nonperforming Loans Ratio (90 days overdue) - Total 2.9% 3.0% 2.8% 2.9% 2.8% Nonperforming Loans Ratio (90 days overdue) - Brazil 3.5% 3.7% 3.4% 3.5% 3.4% Nonperforming Loans Ratio (90 days overdue) - Latin America 1.4% 1.4% 1.5% 1.4% 1.5% (5) Coverage Ratio (Total Allowance/NPL 90 days overdue) 208% 208% 248% 208% 248% (6) Efficiency Ratio (IE) 46.2% 46.3% 47.1% 46.3% 46.5% (6) Risk-Adjusted Efficiency Ratio (RAER) 60.9% 60.9% 61.0% 60.9% 60.9% (7,8) Recurring Net Income per Share (R$) 0.72 0.71 0.66 (7,8) 0.70 0.69 0.64 Net Income per Share (R$) (8) Number of Outstanding Shares at the end of period – in millions 9,743 9,743 9,713 (8) 12.91 12.30 12.54 Book Value per Share (R$) (9) 6,136 2,407 3,066 Dividends and Interest on Own Capital net of Taxes (10) 354,265 334,179 260,639 Market Capitalization (10) 92,444 85,760 67,597 Market Capitalization (US$ million) 1,678,378 1,651,425 1,542,684 Total Assets 659,727 647,061 623,256 Total Credit Portfolio, including Financial Guarantees Provided and Corporate Securities (11) 698,326 690,371 Deposits + Debentures + Securities + Borrowings and Onlending 666,635 (11) Loan Portfolio/Funding 79.2% 78.7% 77.8% 125,737 119,824 121,758 Stockholders' Equity Solvency Ratio - Prudential Conglomerate (BIS Ratio) 16.3% 16.0% 17.2% (12) Tier I Capital - BIS III 14.9% 14.6% 14.2% (12) Common Equity Tier I - BIS III 13.6% 13.3% 13.2% Liquidity Coverage Ratio (LCR) 167.2% 164.0% 169.5% (13) Net Stable Funding Ratio (NSFR) 121.1% 122.8% - Assets Under Administration 1,200,283 1,158,642 1,050,220 98,446 99,661 99,914 Total Number of Employees Brazil 85,161 86,204 86,144 13,285 13,457 13,770 Abroad Branches and CSBs – Client Service Branches 4,722 4,934 4,904 (14) ATM – Automated Teller Machines 47,505 47,953 47,650 Note: (1) Operating Revenues are the sum of Managerial Financial Margin, Commissions and Fees and Revenues from Insurance, Pension Plan and Premium Bonds Operations before Retained Claims and Selling Expenses; (2) Detailed in Managerial Financial Margin section; (3) Annualized Return was calculated by dividing Recurring Net Income by Average Stockholders’ Equity. The quotient was multiplied by the number of periods in the year to derive the annualized rate. The calculation bases of returns were adjusted by the amount of dividends that has not yet been approved at shareholders’ or Board meetings, proposed after the balance sheet closing date; (4) The return was calculated by dividing Recurring Net Income by Average Assets; (5) Includes the balance of allowance for financial guarantees provided; (6) For further details on the calculation methodologies of both Efficiency and Risk- Adjusted Efficiency ratios, please refer to the Disclosure Criteria, Glossary section; (7) Calculated based on the weighted average number of outstanding shares for the period; (8) Considers the 50% stock split occurred in November 2018. For comparison the number of shares in 2Q18 was recalculated and prior to the split the amount was 6,476 million; (9) Interest on own capital. Amounts paid/provisioned, declared and reserved in stockholders’ equity; (10) Total number of outstanding shares (common and non-voting shares) multiplied by the average price of the non-voting share on the last trading day in the period; (11) As detailed in the Balance Sheet section; (12) For periods prior to 2019, considers the immediate and full application of the Basel III rules and, in 2Q18, considers the pro forma impact of the acquisition of investment in XP (-80 bps); (13) We began to disclose the NSFR in 4Q18. For further details, please refer to the Capital, Liquidity and Market Ratios section; (14) Includes ESBs (electronic service branches) and service points at third-party locations and Banco24Horas ATMs. Itaú Unibanco Holding S.A. 05 Other Balance Sheet Shares Performance Results

Executive Summary Management Discussion & Analysis Managerial Income Statement In this report, besides the adjustment of non-recurring events, we apply managerial criteria to present our income statement. In relation to the accounting statement, these criteria affect the breakdown of our income statement but not the net income. Among the managerial adjustments, we highlight the tax effects of the hedge of investments abroad - originally included in tax expenses (PIS and COFINS) and income tax and social contribution on net income, which are reclassified to the financial margin. These reclassifications enable us to carry out business analyses from the management point of view and are shown in the table on the following page (Accounting and Managerial Statements Reconciliation) of this report. In relation to the hedge of investments abroad, our strategy for foreign exchange risk management is aimed at mitigating, through financial instruments, the effects of foreign exchange variations and includes the impact of all tax effects. nd Accounting and Managerial Financial Statements Reconciliation | 2 quarter of 2019 Non-recurring Tax Effect Managerial Accounting Managerial Events of Hedge Reclassifications In R$ millions Operating Revenues 29,630 119 (254) (3) 29,492 Managerial Financial Margin 17,940 - (254) 765 18,451 Financial Margin with Clients 16,114 - - 765 16,879 Financial Margin with the Market 1,826 - (254) - 1,572 Commissions and Fees 9,856 - - (793) 9,063 Revenues from Insurance, Pension Plan and Premium Bonds 1,153 119 - 706 1,978 Operations Before Retained Claims and Selling Expenses Other Operating Income 303 - - (303) - Equity in Earnings of Affiliates and Other Investments 368 - - (368) - Non-operating Income 10 - - (10) - Cost of Credit (3,508) - - (537) (4,044) Provision for Loan Losses (4,258) - - (149) (4,407) Impairment - - - (43) (43) Discounts Granted - - - (390) (390) Recovery of Loans Written Off as Losses 751 - - 44 795 Retained Claims (297) - - - (297) Other Operating Expenses (15,362) 306 52 571 (14,432) Non-interest Expenses (13,587) 312 - 606 (12,669) Tax Expenses for ISS, PIS, Cofins and Other Taxes (1,769) (6) 52 (35) (1,758) Insurance Selling Expenses (6) - - - (6) Income before Tax and Profit Sharing 10,464 425 (202) 31 10,718 Income Tax and Social Contribution (3,401) (9 7) 202 (112) (3,408) Profit Sharing Management Members - Statutory (81) - - 81 - Minority Interests (167) (109) - - (277) Net Income 6,815 219 - - 7,034 Itaú Unibanco Holding S.A. 06 Executive Summary Management Discussion & Analysis Managerial Income Statement In this report, besides the adjustment of non-recurring events, we apply managerial criteria to present our income statement. In relation to the accounting statement, these criteria affect the breakdown of our income statement but not the net income. Among the managerial adjustments, we highlight the tax effects of the hedge of investments abroad - originally included in tax expenses (PIS and COFINS) and income tax and social contribution on net income, which are reclassified to the financial margin. These reclassifications enable us to carry out business analyses from the management point of view and are shown in the table on the following page (Accounting and Managerial Statements Reconciliation) of this report. In relation to the hedge of investments abroad, our strategy for foreign exchange risk management is aimed at mitigating, through financial instruments, the effects of foreign exchange variations and includes the impact of all tax effects. nd Accounting and Managerial Financial Statements Reconciliation | 2 quarter of 2019 Non-recurring Tax Effect Managerial Accounting Managerial Events of Hedge Reclassifications In R$ millions Operating Revenues 29,630 119 (254) (3) 29,492 Managerial Financial Margin 17,940 - (254) 765 18,451 Financial Margin with Clients 16,114 - - 765 16,879 Financial Margin with the Market 1,826 - (254) - 1,572 Commissions and Fees 9,856 - - (793) 9,063 Revenues from Insurance, Pension Plan and Premium Bonds 1,153 119 - 706 1,978 Operations Before Retained Claims and Selling Expenses Other Operating Income 303 - - (303) - Equity in Earnings of Affiliates and Other Investments 368 - - (368) - Non-operating Income 10 - - (10) - Cost of Credit (3,508) - - (537) (4,044) Provision for Loan Losses (4,258) - - (149) (4,407) Impairment - - - (43) (43) Discounts Granted - - - (390) (390) Recovery of Loans Written Off as Losses 751 - - 44 795 Retained Claims (297) - - - (297) Other Operating Expenses (15,362) 306 52 571 (14,432) Non-interest Expenses (13,587) 312 - 606 (12,669) Tax Expenses for ISS, PIS, Cofins and Other Taxes (1,769) (6) 52 (35) (1,758) Insurance Selling Expenses (6) - - - (6) Income before Tax and Profit Sharing 10,464 425 (202) 31 10,718 Income Tax and Social Contribution (3,401) (9 7) 202 (112) (3,408) Profit Sharing Management Members - Statutory (81) - - 81 - Minority Interests (167) (109) - - (277) Net Income 6,815 219 - - 7,034 Itaú Unibanco Holding S.A. 06

Executive Summary Management Discussion & Analysis nd 2 quarter of 2019 Income Statement In R$ millions 2Q19 1Q19 2QD' 18 D' 1H19 1H18 D' Operating Revenues 29,492 28,208 4.6% 28,021 5.3% 57,700 55,446 4.1% Managerial Financial Margin 18,451 17,668 4.4% 17,295 6.7% 36,119 34,294 5.3% Financial Margin with Clients 16,879 16,424 2.8% 15,953 5.8% 33,303 31,214 6.7% Financial Margin with the Market 1,572 1,244 26.4% 1,342 17.2% 2,816 3,080 -8.6% Commissions and Fees 9,063 8,622 5.1% 8,726 3.9% 17,685 17,255 2.5% Revenues from Insurance, Pension Plan and Premium Bonds 1,978 1,918 3.1% 1,999 -1.1% 3,896 3,898 -0.1% Operations Before Retained Claims and Selling Expenses Cost of Credit (4,044) (3,804) 6.3% ( 3,601) 12.3% (7,848) (7,388) 6.2% Provision for Loan Losses (4,407) (4,206) 4.8% (4,271) 3.2% ( 8,613) (8,382) 2.8% Impairment (43) (30) 43.4% (1) 3266.7% ( 72) (188) -61.6% Discounts Granted (390) (308) 26.5% (273) 42.7% (698) (558) 25.2% Recovery of Loans Written Off as Losses 7 95 7 41 7.4% 945 -15.9% 1,536 1,740 -11.8% Retained Claims (297) (299) -0.7% ( 335) -11.3% (596) (614) -2.9% Other Operating Expenses ( 14,432) (13,842) 4.3% (13,934) 3.6% (28,274) (27,316) 3.5% Non-interest Expenses (12,669) (12,150) 4.3% (12,261) 3.3% (24,819) (23,938) 3.7% Tax Expenses for ISS, PIS, Cofins and Other Taxes (1,758) (1,680) 4.6% (1,654) 6.3% ( 3,438) (3,342) 2.9% Insurance Selling Expenses (6) (12) -51.9% (19) -70.9% (17) ( 36) -52.7% Income before Tax and Minority Interests 10,718 10,263 4.4% 10,151 5.6% 20,982 20,127 4.2% Income Tax and Social Contribution (3,408) (3,188) 6.9% ( 3,496) -2.5% (6,596) (6,957) -5.2% Minority Interests in Subsidiaries (277) (198) 39.6% ( 273) 1.3% (475) (369) 28.7% Recurring Net Income 7 ,034 6,877 2.3% 6,382 10.2% 13,911 12,801 8.7% Performance: Recurring Net Income Recurring net income for the second quarter of 2019 totaled R$7.0 billion, up 2.3% from the previous quarter, with return on average equity of 23.5%. The positive highlight was R$7.0 billion in 2Q19 the expansion of the loan portfolio for individuals and for very small, small and middle market companies that led to the growth of the 2.8% in the financial margin with R$ millions + 2.3% clients. Commissions and fees grew by 5.1% driven by higher revenues from fund +10.2% + 8.7% management and from advisory services. These effects were partially offset by the increase in non-interest expenses and cost of credit. 13,911 12,801 In the first half of 2019, recurring net income increased by 8.7%. Financial margin with 7,034 6,877 6,382 clients grew 6.7% as a result of the growth in the loan portfolio for individuals and for very-small, small and middle-market companies. Commissions and fees were up by 2.5% due to the increase in revenues from credit card issuing activities, fund management and brokerage. These effects were partially offset by the increases of 6.2% 2Q18 1Q19 2Q19 in cost of credit and of 3.7% in non-interest expenses. The increase in non-interest 1H18 1H19 expenses was driven by the impact of the collective bargaining labor agreement and by the increase in expenses on dismissals and labor claims in our personnel expenses. Itaú Unibanco Holding S.A. 07 Executive Summary Management Discussion & Analysis nd 2 quarter of 2019 Income Statement In R$ millions 2Q19 1Q19 2QD' 18 D' 1H19 1H18 D' Operating Revenues 29,492 28,208 4.6% 28,021 5.3% 57,700 55,446 4.1% Managerial Financial Margin 18,451 17,668 4.4% 17,295 6.7% 36,119 34,294 5.3% Financial Margin with Clients 16,879 16,424 2.8% 15,953 5.8% 33,303 31,214 6.7% Financial Margin with the Market 1,572 1,244 26.4% 1,342 17.2% 2,816 3,080 -8.6% Commissions and Fees 9,063 8,622 5.1% 8,726 3.9% 17,685 17,255 2.5% Revenues from Insurance, Pension Plan and Premium Bonds 1,978 1,918 3.1% 1,999 -1.1% 3,896 3,898 -0.1% Operations Before Retained Claims and Selling Expenses Cost of Credit (4,044) (3,804) 6.3% ( 3,601) 12.3% (7,848) (7,388) 6.2% Provision for Loan Losses (4,407) (4,206) 4.8% (4,271) 3.2% ( 8,613) (8,382) 2.8% Impairment (43) (30) 43.4% (1) 3266.7% ( 72) (188) -61.6% Discounts Granted (390) (308) 26.5% (273) 42.7% (698) (558) 25.2% Recovery of Loans Written Off as Losses 7 95 7 41 7.4% 945 -15.9% 1,536 1,740 -11.8% Retained Claims (297) (299) -0.7% ( 335) -11.3% (596) (614) -2.9% Other Operating Expenses ( 14,432) (13,842) 4.3% (13,934) 3.6% (28,274) (27,316) 3.5% Non-interest Expenses (12,669) (12,150) 4.3% (12,261) 3.3% (24,819) (23,938) 3.7% Tax Expenses for ISS, PIS, Cofins and Other Taxes (1,758) (1,680) 4.6% (1,654) 6.3% ( 3,438) (3,342) 2.9% Insurance Selling Expenses (6) (12) -51.9% (19) -70.9% (17) ( 36) -52.7% Income before Tax and Minority Interests 10,718 10,263 4.4% 10,151 5.6% 20,982 20,127 4.2% Income Tax and Social Contribution (3,408) (3,188) 6.9% ( 3,496) -2.5% (6,596) (6,957) -5.2% Minority Interests in Subsidiaries (277) (198) 39.6% ( 273) 1.3% (475) (369) 28.7% Recurring Net Income 7 ,034 6,877 2.3% 6,382 10.2% 13,911 12,801 8.7% Performance: Recurring Net Income Recurring net income for the second quarter of 2019 totaled R$7.0 billion, up 2.3% from the previous quarter, with return on average equity of 23.5%. The positive highlight was R$7.0 billion in 2Q19 the expansion of the loan portfolio for individuals and for very small, small and middle market companies that led to the growth of the 2.8% in the financial margin with R$ millions + 2.3% clients. Commissions and fees grew by 5.1% driven by higher revenues from fund +10.2% + 8.7% management and from advisory services. These effects were partially offset by the increase in non-interest expenses and cost of credit. 13,911 12,801 In the first half of 2019, recurring net income increased by 8.7%. Financial margin with 7,034 6,877 6,382 clients grew 6.7% as a result of the growth in the loan portfolio for individuals and for very-small, small and middle-market companies. Commissions and fees were up by 2.5% due to the increase in revenues from credit card issuing activities, fund management and brokerage. These effects were partially offset by the increases of 6.2% 2Q18 1Q19 2Q19 in cost of credit and of 3.7% in non-interest expenses. The increase in non-interest 1H18 1H19 expenses was driven by the impact of the collective bargaining labor agreement and by the increase in expenses on dismissals and labor claims in our personnel expenses. Itaú Unibanco Holding S.A. 07

Executive Summary Management Discussion & Analysis Highlights in 2Q19 Commissions, Fees and Result from Financial Margin with Clients Cost of Credit 1 Insurance R$10.7 billion R$16.9 billion R$4.0 billion R$ millions R$ millions R$ millions + 2.8% + 6.7% + 6.3% + 6.2% + 5.0% + 2.3% + 5.8% + 12.3% + 3.5% 33,303 20,967 31,214 20,501 7,848 7,388 698 16,879 558 10,738 16,424 3,804 10,371 10,228 15,953 3,601 4,044 72 188 308 390 273 17,255 17,685 30 43 1 7,077 6,642 8,726 9,063 8,622 3,326 3,466 3,612 3,247 3,282 1,645 1,607 1,675 1H18 1H19 2Q18 1Q19 2Q19 1H18 1H19 1H18 1H19 2Q18 1Q19 2Q19 2Q18 1Q19 2Q19 Discounts Granted Commissions and Fees Result from Insurance¹ Impairment Provision for Loan Losses Net of Recovery of Loans Cost of Credit The 2.8% increase in the quarter is related to the The increase of 6.3% in the quarter is related to The growth of 5.0% in the quarter was driven by expansion of the credit portfolio for individuals the increase in provision expenses and discounts higher fund management fees and by the greater and for very small, small and middle market granted in Retail Banking in Brazil. This increase number of investment banking operations, companies in Brazil, in addition to the higher in provision expenses is mainly associated with partially offset by the lower revenues from number of calendar days in the quarter. the growth of the individuals credit portfolio in acquiring services. the period. In the first half of 2019, the 6.7% increase was In the first six months of 2019, the increase was also driven by the growth of the credit portfolio In the first half of 2019 the increase of 6.2% is in 2.3%. We highlight higher revenues from: (i) credit for individuals and for very small, small and line with the growth in origination and in the card issuing activities; (ii) fund management, middle market companies in Brazil. This effect credit portfolio of individuals in Brazil. driven by the increase in managed assets; and (iii) was marginally offset by lower spreads in loan advisory services and brokerage, driven by the operations and by the impact of a lower balance positive impact of the investment in XP and lower interest rates on our own working Investimentos. These positive effects were partially capital. Additionally, financial margin with clients offset by lower revenues from acquiring services. in operations in Latin America (ex-Brazil) also increased. Further details on page 12 Further details on page 13 Further details on pages 17-18 Non-Interest Expenses Return on Equity 23.5% R$12.7 billion R$ millions 24.8% 24.6% 22.6% 22.4% 22.7% + 4.3 % + 3.7 % 23.6% 23.5% + 3.3 % 21.6% 21.8% 21.3% 3.1% 3.0% 24,819 23,938 3.0% 3.2% 2.9% 12,669 12,261 12,150 2Q18 3Q18 4Q18 1Q19 2Q19 Annualized Recurring Return on Average Equity (quarterly) - Consolidated 2Q18 1Q19 2Q19 1H18 1H19 Non-Interest Expenses (R$ million) Annualized Recurring Return on Average Equity (quarterly) - Brazil Non-Interest Expenses / Average Assets (Annualized) The 4.3% increase in the quarter was driven by Efficiency Ratio (E.R.) and Risk-Adjusted Efficiency Ratio (R.A.E.R.) higher personnel expenses, which are seasonally lower in the first quarter. There was also the impact of higher expenses related to the greater number of dismissals in the period. 62.7 62.2 61.2 61.2 61.2 47.4 47.7 47.6 47.7 47.5 In the first half of 2019, the 3.7% growth was driven by the impact of the collective bargaining labor agreement and by the increase in expenses on dismissals and labor claims in our personnel expenses. 2Q18 3Q18 4Q18 1Q19 2Q19 Trailing 12-month Efficiency Ratio (%) Trailing 12-month Risk-Adjusted Efficiency Ratio (%) Further details on pages 20-21 Further details on page 21 ¹ Result from insurance operations includes the revenues from insurance, pension plan and premium bonds, net of retained claims and selling expenses. 08 Itaú Unibanco Holding S.A. Executive Summary Management Discussion & Analysis Highlights in 2Q19 Commissions, Fees and Result from Financial Margin with Clients Cost of Credit 1 Insurance R$10.7 billion R$16.9 billion R$4.0 billion R$ millions R$ millions R$ millions + 2.8% + 6.7% + 6.3% + 6.2% + 5.0% + 2.3% + 5.8% + 12.3% + 3.5% 33,303 20,967 31,214 20,501 7,848 7,388 698 16,879 558 10,738 16,424 3,804 10,371 10,228 15,953 3,601 4,044 72 188 308 390 273 17,255 17,685 30 43 1 7,077 6,642 8,726 9,063 8,622 3,326 3,466 3,612 3,247 3,282 1,645 1,607 1,675 1H18 1H19 2Q18 1Q19 2Q19 1H18 1H19 1H18 1H19 2Q18 1Q19 2Q19 2Q18 1Q19 2Q19 Discounts Granted Commissions and Fees Result from Insurance¹ Impairment Provision for Loan Losses Net of Recovery of Loans Cost of Credit The 2.8% increase in the quarter is related to the The increase of 6.3% in the quarter is related to The growth of 5.0% in the quarter was driven by expansion of the credit portfolio for individuals the increase in provision expenses and discounts higher fund management fees and by the greater and for very small, small and middle market granted in Retail Banking in Brazil. This increase number of investment banking operations, companies in Brazil, in addition to the higher in provision expenses is mainly associated with partially offset by the lower revenues from number of calendar days in the quarter. the growth of the individuals credit portfolio in acquiring services. the period. In the first half of 2019, the 6.7% increase was In the first six months of 2019, the increase was also driven by the growth of the credit portfolio In the first half of 2019 the increase of 6.2% is in 2.3%. We highlight higher revenues from: (i) credit for individuals and for very small, small and line with the growth in origination and in the card issuing activities; (ii) fund management, middle market companies in Brazil. This effect credit portfolio of individuals in Brazil. driven by the increase in managed assets; and (iii) was marginally offset by lower spreads in loan advisory services and brokerage, driven by the operations and by the impact of a lower balance positive impact of the investment in XP and lower interest rates on our own working Investimentos. These positive effects were partially capital. Additionally, financial margin with clients offset by lower revenues from acquiring services. in operations in Latin America (ex-Brazil) also increased. Further details on page 12 Further details on page 13 Further details on pages 17-18 Non-Interest Expenses Return on Equity 23.5% R$12.7 billion R$ millions 24.8% 24.6% 22.6% 22.4% 22.7% + 4.3 % + 3.7 % 23.6% 23.5% + 3.3 % 21.6% 21.8% 21.3% 3.1% 3.0% 24,819 23,938 3.0% 3.2% 2.9% 12,669 12,261 12,150 2Q18 3Q18 4Q18 1Q19 2Q19 Annualized Recurring Return on Average Equity (quarterly) - Consolidated 2Q18 1Q19 2Q19 1H18 1H19 Non-Interest Expenses (R$ million) Annualized Recurring Return on Average Equity (quarterly) - Brazil Non-Interest Expenses / Average Assets (Annualized) The 4.3% increase in the quarter was driven by Efficiency Ratio (E.R.) and Risk-Adjusted Efficiency Ratio (R.A.E.R.) higher personnel expenses, which are seasonally lower in the first quarter. There was also the impact of higher expenses related to the greater number of dismissals in the period. 62.7 62.2 61.2 61.2 61.2 47.4 47.7 47.6 47.7 47.5 In the first half of 2019, the 3.7% growth was driven by the impact of the collective bargaining labor agreement and by the increase in expenses on dismissals and labor claims in our personnel expenses. 2Q18 3Q18 4Q18 1Q19 2Q19 Trailing 12-month Efficiency Ratio (%) Trailing 12-month Risk-Adjusted Efficiency Ratio (%) Further details on pages 20-21 Further details on page 21 ¹ Result from insurance operations includes the revenues from insurance, pension plan and premium bonds, net of retained claims and selling expenses. 08 Itaú Unibanco Holding S.A.

Executive Summary Management Discussion & Analysis Highlights in 2Q19 Credit Portfolio with Financial Guarantees Provided and Corporate Securities In R$ billions, end of period 2Q19 1Q19 D' 2Q18D' Individuals 222.3 215.6 3.1% 195.0 14.0% Credit Card Loans 79.3 76.4 3.7% 66.1 20.0% Personal Loans 32.8 31.1 5.3% 28.3 15.6% 1 Payroll Loans 49.1 48.6 1.0% 45.4 8.1% Vehicle Loans 17.2 16.6 3.9% 14.7 17.4% Mortgage Loans 44.0 42.9 2.6% 40.5 8.6% 2 Very Small, Small and Middle Market Loans 78.1 74.1 5.3% 65.6 19.0% 300.4 289.7 3.7% 260.6 15.3% Individuals + Very Small, Small and Middle Market Loans Companies 193.6 190.7 1.5% 197.1 -1.8% Corporate Loans 151.4 152.6 -0.8% 162.5 -6.8% 3 42.2 38.0 10.9% 34.6 21.8% Corporate Securities 494.0 480.4 2.8% 457.8 7.9% Total Brazil with Financial Guarantees Provided and Corporate 165.7 166.7 -0.6% 165.5 0.1% Latin America Argentina 9.7 10.4 -6.7% 9.3 4.2% Chile 110.7 109.7 1.0% 108.0 2.6% Colombia 27.6 28.0 -1.4% 30.3 -8.8% Paraguay 7.4 8.0 -7.1% 7.7 -2.8% Panama 1.3 1.3 0.2% 1.4 -5.4% Uruguay 8.9 9.2 -3.7% 8.9 0.2% Total with Financial Guarantees Provided and Corporate Securities 659.7 647.1 2.0% 623.3 5.9% Total with Financial Guarantees Provided and Corporate Securities 659.7 643.0 2.6% 612.5 7.7% 4 (ex-foreign exchange rate variation) (1) Includes operations originated by the institution and acquired operations. (2) Includes Rural Loans to Individuals. (3) Includes Debentures, Certificates of Real Estate Receivables (CRI) and Commercial Paper. (4) Calculated based on the conversion of the foreign currency portfolio (U.S. dollar and Latin American currencies). Note: the Mortgage and Rural Loan portfolios from the companies segment are allocated according to the client’s size. Further details on pages 23 and 24. NPL Ratio (%) | over 90 days Coverage Ratio | 90 days NPL Ratio (%) | 15 to 90 days - 10 bps vs. first quarter of 2019 stable vs. first quarter of 2019 stable vs. first quarter of 2019 2.5% 2.9% 208% + 10 bps vs. second quarter of 2018 - 4,000 bps vs. second quarter of 2018 - 20 bps vs. second quarter of 2018 3.1 3.1 248% 2.9 235% 2.8 221% 2.7 4.2 2.5 2.6 2.6 208% 208% 2.6 3.7 3.7 3.7 2.5 3.5 3.5 3.5 2.7 3.4 2.3 2.5 2.6 2.7 2.7 2.4 3.4 2.4 2.3 2.5 3.1 3.1 2.3 2.5 3.0 2.8 2.9 2.9 2.9 2.3 2.4 1.6 95% 92% 1.5 1.5 90% 88% 1.3 1.4 1.4 1.4 87% 1.2 Dec-16 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Dec-16 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Total Brazil¹ Latin America² Total Brazil¹ Latin America² Total Total (Expanded³) Total ratio decreased by 10 basis points in the The coverage ratio remained stable in the The short-term delinquency ratio remained quarter. This reduction was driven by the loans quarter. The increase in Wholesale Banking in stable in the quarter in Brazil. The decrease of 20 written off as losses from specific clients of the Brazil was due to the loans written off as losses basis points for very small, small and middle corporate segment that were 100% provisioned. from specific clients of the segment that were market companies was offset by the increase of Worth mentioning is the decrease of 40 basis 100% provisioned. This increase was offset by 20 basis points in the NPL ratio for the corporate points in the NPL ratio for very small, small and the greater relevance of Retail Banking in Brazil segment. This increase in corporate occurred middle-market companies in Brazil, the lowest portfolio, which has structurally lower coverage with clients that were already adequately level since the merger between Itaú and than the Wholesale Banking portfolio. provisioned, without concentration in a specific Unibanco. client or sector. Further details on pages 15-16 Further details on pages 15-16 Further details on pages 15-16 ¹ Includes units abroad ex-Latin America. ² Excludes Brazil. ³ Calculated by dividing the total allowance by the balance of operations more than 90 days overdue and renegotiated operations, excluding double counting of renegotiated operations more than 90 days overdue. Itaú Unibanco Holding S.A. 09 Executive Summary Management Discussion & Analysis Highlights in 2Q19 Credit Portfolio with Financial Guarantees Provided and Corporate Securities In R$ billions, end of period 2Q19 1Q19 D' 2Q18D' Individuals 222.3 215.6 3.1% 195.0 14.0% Credit Card Loans 79.3 76.4 3.7% 66.1 20.0% Personal Loans 32.8 31.1 5.3% 28.3 15.6% 1 Payroll Loans 49.1 48.6 1.0% 45.4 8.1% Vehicle Loans 17.2 16.6 3.9% 14.7 17.4% Mortgage Loans 44.0 42.9 2.6% 40.5 8.6% 2 Very Small, Small and Middle Market Loans 78.1 74.1 5.3% 65.6 19.0% 300.4 289.7 3.7% 260.6 15.3% Individuals + Very Small, Small and Middle Market Loans Companies 193.6 190.7 1.5% 197.1 -1.8% Corporate Loans 151.4 152.6 -0.8% 162.5 -6.8% 3 42.2 38.0 10.9% 34.6 21.8% Corporate Securities 494.0 480.4 2.8% 457.8 7.9% Total Brazil with Financial Guarantees Provided and Corporate 165.7 166.7 -0.6% 165.5 0.1% Latin America Argentina 9.7 10.4 -6.7% 9.3 4.2% Chile 110.7 109.7 1.0% 108.0 2.6% Colombia 27.6 28.0 -1.4% 30.3 -8.8% Paraguay 7.4 8.0 -7.1% 7.7 -2.8% Panama 1.3 1.3 0.2% 1.4 -5.4% Uruguay 8.9 9.2 -3.7% 8.9 0.2% Total with Financial Guarantees Provided and Corporate Securities 659.7 647.1 2.0% 623.3 5.9% Total with Financial Guarantees Provided and Corporate Securities 659.7 643.0 2.6% 612.5 7.7% 4 (ex-foreign exchange rate variation) (1) Includes operations originated by the institution and acquired operations. (2) Includes Rural Loans to Individuals. (3) Includes Debentures, Certificates of Real Estate Receivables (CRI) and Commercial Paper. (4) Calculated based on the conversion of the foreign currency portfolio (U.S. dollar and Latin American currencies). Note: the Mortgage and Rural Loan portfolios from the companies segment are allocated according to the client’s size. Further details on pages 23 and 24. NPL Ratio (%) | over 90 days Coverage Ratio | 90 days NPL Ratio (%) | 15 to 90 days - 10 bps vs. first quarter of 2019 stable vs. first quarter of 2019 stable vs. first quarter of 2019 2.5% 2.9% 208% + 10 bps vs. second quarter of 2018 - 4,000 bps vs. second quarter of 2018 - 20 bps vs. second quarter of 2018 3.1 3.1 248% 2.9 235% 2.8 221% 2.7 4.2 2.5 2.6 2.6 208% 208% 2.6 3.7 3.7 3.7 2.5 3.5 3.5 3.5 2.7 3.4 2.3 2.5 2.6 2.7 2.7 2.4 3.4 2.4 2.3 2.5 3.1 3.1 2.3 2.5 3.0 2.8 2.9 2.9 2.9 2.3 2.4 1.6 95% 92% 1.5 1.5 90% 88% 1.3 1.4 1.4 1.4 87% 1.2 Dec-16 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Dec-16 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Total Brazil¹ Latin America² Total Brazil¹ Latin America² Total Total (Expanded³) Total ratio decreased by 10 basis points in the The coverage ratio remained stable in the The short-term delinquency ratio remained quarter. This reduction was driven by the loans quarter. The increase in Wholesale Banking in stable in the quarter in Brazil. The decrease of 20 written off as losses from specific clients of the Brazil was due to the loans written off as losses basis points for very small, small and middle corporate segment that were 100% provisioned. from specific clients of the segment that were market companies was offset by the increase of Worth mentioning is the decrease of 40 basis 100% provisioned. This increase was offset by 20 basis points in the NPL ratio for the corporate points in the NPL ratio for very small, small and the greater relevance of Retail Banking in Brazil segment. This increase in corporate occurred middle-market companies in Brazil, the lowest portfolio, which has structurally lower coverage with clients that were already adequately level since the merger between Itaú and than the Wholesale Banking portfolio. provisioned, without concentration in a specific Unibanco. client or sector. Further details on pages 15-16 Further details on pages 15-16 Further details on pages 15-16 ¹ Includes units abroad ex-Latin America. ² Excludes Brazil. ³ Calculated by dividing the total allowance by the balance of operations more than 90 days overdue and renegotiated operations, excluding double counting of renegotiated operations more than 90 days overdue. Itaú Unibanco Holding S.A. 09

Income Statement and Balance Sheet Analysis Management Discussion & Analysis and   Complete Financial Statements Income Statement and Balance Sheet Analysis Management Discussion & Analysis and Complete Financial Statements

Management Discussion & Anal            ysis       Income Statement Analysis  Managerial Financial Margin Highlights  · Financial margin with clients increased by 2.8% in the quarter, driven by the average volume of assets and mix of products, in addition to the positive effect of the higher number of calendar days. These effects led to an increase of R$783 million in the spread-sensitive operations. On the other hand, there were lower revenues from working capital and other. · The 26.4% increase in the financial margin with the market was driven by higher gains in Itaú Corpbanca, higher result from the hedge of investments abroad and higher gains in assets and liability management. 2Q19 1Q19 D 2Q18 D 1H19 1H18 D R$ millions Financial Margin with Clients 16,879 16,424 2.8% 15,953 5.8% 33,303 31,214 6.7% Financial Margin with the Market 26.4% 1,342 17.2% -8.6% 1,572 1,244 2,816 3,080 Total 4.4% 17,295 6.7% 5.3% 17,668 34,294 18,451 36,119 Financial Margin with Clients Change in the Financial Margin with Clients Breakdown R$ millions + R$783 million + 5.4% 1,557 16,879 16,424 1,885 80 15,322 (69) 123 402 247 14,539 1 2 5 1 3 4 1Q19 Working Capital Spread-Sensitive Mix of products Average Asset Asset Spreads Higher number of Latin America Spread-Sensitive Working Capital 2Q19 and other 1Q19 Operations 1Q19 Portfolio and calendar days (ex-Brazil) Operations 2Q19 and other 2Q19 Liabilities Margin 1 Working capital and other (- R$329 million): negative effect of the decrease in the average balance of working capital due to the payment of dividends in March 2019 and the decrease of the long-term yield curve in the quarter, in addition to the negative effect of timely gains in Argentina which occurred only in the first quarter of 2019. 2 Mix of products (+ R$247 million): continuous growth due to the change in the mix of loan portfolio products and segments with higher spreads, such as consumer credit and very small, small and middle-market companies, in addition to gains from structured operations in the Wholesale segment. 3 Average asset portfolio and liabilities margin (+ R$402 million): increase in the average portfolio in the quarter. 4 Asset spreads ( - R$69 million): spread reduction in products, such as overdrafts, foreign exchange and personal loans. 5 Latin America ex– Brazil (+ R$80 million): higher revenues from loans in Itaú Corpbanca and from demand deposits in Argentina and Uruguay. Annualized average rate of financial margin with clients 2Q19 1Q19 Average Financial Average Rate Average Financial Average Rate (1)  (1)  In R$ millions, end of period Balance Margin (p.a.) Balance Margin (p.a.) 699,245 16,879 10.0% 685,946 16,424 10.0% Financial Margin with Clients Spread-Sensitive Operations 602,327 15,322 10.6% 581,710 14,539 10.5% Working Capital and Other 96,918 1,557 6.6% 104,236 1,885 7.5% Cost of Credit (4,044) (3,804) 699,245 12,834 7.5% 685,946 12,621 7.6% Risk-Adjusted Financial Margin with Clients (1) Average daily balance. Consolidated  Brazil  12.3% 12.0% 12.2% 12.1% 12.1% 12.2% 12.0% 11.8% 10.1% 10.0% 9.9% 9.9% 10.0% 9.9% 9.8% 9.8% 9.5% 9.6% 9.2% 9.2% 9.2% 9.2% 9.0% 8.9% 9.2% 7.5% 7.6% 7.7% 7.6% 7.6% 7.4% 7.4% 7.1% 7.5% 6.4% 6.4% 6.7% 6.4% 6.4% 6.4% 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Financial margin with clients Risk-adjusted financial margin with clients CDI (annualized quaterly rate) Itaú Unibanco Holding S.A. 12 Management Discussion & Anal ysis Income Statement Analysis Managerial Financial Margin Highlights · Financial margin with clients increased by 2.8% in the quarter, driven by the average volume of assets and mix of products, in addition to the positive effect of the higher number of calendar days. These effects led to an increase of R$783 million in the spread-sensitive operations. On the other hand, there were lower revenues from working capital and other. · The 26.4% increase in the financial margin with the market was driven by higher gains in Itaú Corpbanca, higher result from the hedge of investments abroad and higher gains in assets and liability management. 2Q19 1Q19 D 2Q18 D 1H19 1H18 D R$ millions Financial Margin with Clients 16,879 16,424 2.8% 15,953 5.8% 33,303 31,214 6.7% Financial Margin with the Market 26.4% 1,342 17.2% -8.6% 1,572 1,244 2,816 3,080 Total 4.4% 17,295 6.7% 5.3% 17,668 34,294 18,451 36,119 Financial Margin with Clients Change in the Financial Margin with Clients Breakdown R$ millions + R$783 million + 5.4% 1,557 16,879 16,424 1,885 80 15,322 (69) 123 402 247 14,539 1 2 5 1 3 4 1Q19 Working Capital Spread-Sensitive Mix of products Average Asset Asset Spreads Higher number of Latin America Spread-Sensitive Working Capital 2Q19 and other 1Q19 Operations 1Q19 Portfolio and calendar days (ex-Brazil) Operations 2Q19 and other 2Q19 Liabilities Margin 1 Working capital and other (- R$329 million): negative effect of the decrease in the average balance of working capital due to the payment of dividends in March 2019 and the decrease of the long-term yield curve in the quarter, in addition to the negative effect of timely gains in Argentina which occurred only in the first quarter of 2019. 2 Mix of products (+ R$247 million): continuous growth due to the change in the mix of loan portfolio products and segments with higher spreads, such as consumer credit and very small, small and middle-market companies, in addition to gains from structured operations in the Wholesale segment. 3 Average asset portfolio and liabilities margin (+ R$402 million): increase in the average portfolio in the quarter. 4 Asset spreads ( - R$69 million): spread reduction in products, such as overdrafts, foreign exchange and personal loans. 5 Latin America ex– Brazil (+ R$80 million): higher revenues from loans in Itaú Corpbanca and from demand deposits in Argentina and Uruguay. Annualized average rate of financial margin with clients 2Q19 1Q19 Average Financial Average Rate Average Financial Average Rate (1) (1) In R$ millions, end of period Balance Margin (p.a.) Balance Margin (p.a.) 699,245 16,879 10.0% 685,946 16,424 10.0% Financial Margin with Clients Spread-Sensitive Operations 602,327 15,322 10.6% 581,710 14,539 10.5% Working Capital and Other 96,918 1,557 6.6% 104,236 1,885 7.5% Cost of Credit (4,044) (3,804) 699,245 12,834 7.5% 685,946 12,621 7.6% Risk-Adjusted Financial Margin with Clients (1) Average daily balance. Consolidated Brazil 12.3% 12.0% 12.2% 12.1% 12.1% 12.2% 12.0% 11.8% 10.1% 10.0% 9.9% 9.9% 10.0% 9.9% 9.8% 9.8% 9.5% 9.6% 9.2% 9.2% 9.2% 9.2% 9.0% 8.9% 9.2% 7.5% 7.6% 7.7% 7.6% 7.6% 7.4% 7.4% 7.1% 7.5% 6.4% 6.4% 6.7% 6.4% 6.4% 6.4% 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Financial margin with clients Risk-adjusted financial margin with clients CDI (annualized quaterly rate) Itaú Unibanco Holding S.A. 12

Management Discussion & Analysis Income Statement Analysis Cost of Credit Highlights · Increase of 6.3% in cost of credit in the quarter related to the provision for loan losses and discounts granted in Retail Banking in Brazil. The increase in provision for loan losses was mainly driven by the growth in loans to individuals in the period. · Compared to the first half of 2018, the 6.2% increase in cost of credit is in line with the origination growth and credit portfolio of individuals in Brazil. In R$ millions 2Q19 1Q19 2Q18 1H19 1H18 D D D Provision for Loan Losses (4,407) (4,206) 4.8% ( 4,271) 3.2% (8,613) (8 ,382) 2.8% Recovery of Loans Written Off as Losses 795 741 7.4% 945 -15.9% 1,536 1,740 -11.8% Result from Loan Losses (3,612) (3,466) 4.2% (3,326) 8.6% (7,077) (6,642) 6.6% Impairment (43) (30) 43.4% (1) 3266.7% ( 72) (188) -61.6% Discounts Granted (390) (308) 26.5% (273) 42.7% (698) (558) 25.2% Cost of Credit (4,044) (3,804) 6.3% (3,601) 12.3% (7,848) (7,388) 6.2% Provision for Loan Losses by Segment The increase of R$201 million in provision for loan losses in the quarter was driven by the increase of the origination and the credit R$ millions mix for individuals in the Retail Banking in Brazil. This segment was 4.1 3.7 3.6 3.4 also the main responsible for the increase in discounts granted in the 3.3 3.2 3.1 3.0 2.9 quarter. These effects were partially offset by the increase of R$55 4,948 4,483 4,271 4,407 4,282 4,206 3,904 4,111 3,796 598 million in recovery of loans written off as losses in Wholesale Banking 621 514 514 701 489 568 554 423 619 168 532 248 393 in Brazil. 4,210 3,732 3,688 3,726 4,021 3,534 3,482 3,236 3,165 -298 -354 -304 -371 Compared to the first half of 2018, cost of credit increased by R$460 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 million. The increase of R$231 million in provision for loan losses was Latin America ex-Brazil Wholesale Banking - Brazil due to the growth in Retail Banking in Brazil, partially offset by the Retail Banking - Brazil lower provision for the Wholesale Banking in Brazil. Additionally, Provision for Loan Losses / Loan portfolio (*) – Annualized (%) recovery of loans written off as losses decreased, driven by the (*) Average loan portfolio balance, considering the last two quarters. financial assets sales in the second quarter of 2018, and the increase Note: Retail Banking includes loan loss provisions expenses of Corporation segment. In in discounts granted. These effects were partially offset by the the business segments section, Latin America is part of Wholesale Banking. decrease of R$116 million in impairment charges on corporate securities in Wholesale Banking in Brazil. · Wholesale Banking - Brazil: reversal of R$371 million in the quarter, driven by the lower provision requirement in the segment. · Retail Banking - Brazil: credit origination and the mix of products Cost of Credit for individuals, in addition to seasonality, led to the R$189 million increase in the provision for loan losses in the quarter. R$ millions 3.0% 2.9% Recovery of Loans Written off as Losses 2.7% 2.5% 2.4% 2.4% 2.5% 2.1% 2.1% R$ millions ' 4,474 4,257 4,044 ' 3,804 3,990 3,788 3,601 3,415 254 336 3,263 390 223 308 105 284 282 273 312 285 30 43 262 187 1,015 1 945 961 ' ' 89 269 834 844 795 795 777 741 4,115 3,639 3,505 3,466 3,612 3,316 3,326 2,889 2,834 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Discounts Granted Impairment Result from Loan Losses The main variation in the quarter was due to the sale of portfolios Cost of Credit Cost of Credit / Total Risk (*) – Annualized (%) that had already been written off as losses in the amount of R$203 million, and generated a positive impact of R$42 million. (*) Average loan portfolio balance with financial guarantees provided and corporate securities, considering the last two quarters. Itaú Unibanco Holding S.A. 13 Management Discussion & Analysis Income Statement Analysis Cost of Credit Highlights · Increase of 6.3% in cost of credit in the quarter related to the provision for loan losses and discounts granted in Retail Banking in Brazil. The increase in provision for loan losses was mainly driven by the growth in loans to individuals in the period. · Compared to the first half of 2018, the 6.2% increase in cost of credit is in line with the origination growth and credit portfolio of individuals in Brazil. In R$ millions 2Q19 1Q19 2Q18 1H19 1H18 D D D Provision for Loan Losses (4,407) (4,206) 4.8% ( 4,271) 3.2% (8,613) (8 ,382) 2.8% Recovery of Loans Written Off as Losses 795 741 7.4% 945 -15.9% 1,536 1,740 -11.8% Result from Loan Losses (3,612) (3,466) 4.2% (3,326) 8.6% (7,077) (6,642) 6.6% Impairment (43) (30) 43.4% (1) 3266.7% ( 72) (188) -61.6% Discounts Granted (390) (308) 26.5% (273) 42.7% (698) (558) 25.2% Cost of Credit (4,044) (3,804) 6.3% (3,601) 12.3% (7,848) (7,388) 6.2% Provision for Loan Losses by Segment The increase of R$201 million in provision for loan losses in the quarter was driven by the increase of the origination and the credit R$ millions mix for individuals in the Retail Banking in Brazil. This segment was 4.1 3.7 3.6 3.4 also the main responsible for the increase in discounts granted in the 3.3 3.2 3.1 3.0 2.9 quarter. These effects were partially offset by the increase of R$55 4,948 4,483 4,271 4,407 4,282 4,206 3,904 4,111 3,796 598 million in recovery of loans written off as losses in Wholesale Banking 621 514 514 701 489 568 554 423 619 168 532 248 393 in Brazil. 4,210 3,732 3,688 3,726 4,021 3,534 3,482 3,236 3,165 -298 -354 -304 -371 Compared to the first half of 2018, cost of credit increased by R$460 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 million. The increase of R$231 million in provision for loan losses was Latin America ex-Brazil Wholesale Banking - Brazil due to the growth in Retail Banking in Brazil, partially offset by the Retail Banking - Brazil lower provision for the Wholesale Banking in Brazil. Additionally, Provision for Loan Losses / Loan portfolio (*) – Annualized (%) recovery of loans written off as losses decreased, driven by the (*) Average loan portfolio balance, considering the last two quarters. financial assets sales in the second quarter of 2018, and the increase Note: Retail Banking includes loan loss provisions expenses of Corporation segment. In in discounts granted. These effects were partially offset by the the business segments section, Latin America is part of Wholesale Banking. decrease of R$116 million in impairment charges on corporate securities in Wholesale Banking in Brazil. · Wholesale Banking - Brazil: reversal of R$371 million in the quarter, driven by the lower provision requirement in the segment. · Retail Banking - Brazil: credit origination and the mix of products Cost of Credit for individuals, in addition to seasonality, led to the R$189 million increase in the provision for loan losses in the quarter. R$ millions 3.0% 2.9% Recovery of Loans Written off as Losses 2.7% 2.5% 2.4% 2.4% 2.5% 2.1% 2.1% R$ millions ' 4,474 4,257 4,044 ' 3,804 3,990 3,788 3,601 3,415 254 336 3,263 390 223 308 105 284 282 273 312 285 30 43 262 187 1,015 1 945 961 ' ' 89 269 834 844 795 795 777 741 4,115 3,639 3,505 3,466 3,612 3,316 3,326 2,889 2,834 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Discounts Granted Impairment Result from Loan Losses The main variation in the quarter was due to the sale of portfolios Cost of Credit Cost of Credit / Total Risk (*) – Annualized (%) that had already been written off as losses in the amount of R$203 million, and generated a positive impact of R$42 million. (*) Average loan portfolio balance with financial guarantees provided and corporate securities, considering the last two quarters. Itaú Unibanco Holding S.A. 13

Management Discussion & Analysis Income Statement Analysis Allowance for Loan Losses and for Financial Guarantees Loan Portfolio by Risk Level Provided Brazil1 Consolidated Compared to the end of March 2019, the allowance for loan losses and for financial guarantees provided were down by 3.3%. This Total Allowance for Loan Losses (R$ million) reduction was driven by the lower requirement of additional 31,026 29,441 28,249 36,118 34,206 33,091 allowance in Wholesale Banking in Brazil. R$ millions Loan Portfolio by Risk Level 36,118 35,496 34,206 34,261 33,091 7,586 7,065 6,375 5,964 5,748 42.9% 42.9% 43.6% 43.2% 42.8% 44.2% 1,810 1,269 1,158 1,136 1,139 11,682 12,946 11,837 12,874 11,546 14,913 15,402 13,849 14,217 14,659 33.5% 34.8% 34.5% 38.0% 38.1% 36.6% Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 9.5% 10.3% 9.8% 5.0% 5.8% 6.0% 4.2% 4.2% 4.8% 4.4% 4.1% 5.0% 9.9% 9.1% 8.7% 8.5% Complementary Allowance 7.9% 7.6% Allowance for Financial Guarantees Provided Jun-18 Mar-19 Jun-19 Jun-18 Mar-19 Jun-19 Generic Allowance Specific Allowance AA A B C D-H We present below the total allowance allocation by type of risk: Overdue Risk: Allowances for overdue loans, as required by the Brazilian Central Bank, related to the minimum provision required for overdue operations according to CMN Resolution No. 2,682/1999. We also present the amount for loans 100% provisioned and for loans that do not require 100% of provision. Aggravated Risk: Allowances for overdue loans with aggravated risk ratings above the minimum required by the Brazilian Central Bank, and allowances for renegotiated loans. Regarding renegotiated loans, we segregate allowances over the minimum required by the Brazilian Central Bank for overdue operations and allowances for non-overdue operations. Potential Risk: Allowances for expected losses related to Retail Banking operations and allowances for potential losses related to Wholesale Banking operations, which includes allowance for financial guarantees provided. R$ millions Allocation of Total Allowance by Type of Risk - Consolidated Jun-19 10,666 9,514 12,910 33,091 Mar-19 11,233 9,920 13,053 34,206 Jun-18 9,999 10,024 16,095 36,118 Overdue operations according to the Expected and/or Potential Loss Renegotiations and overdue loans Brazilian Central Bank 16,095 Renegotiations Provision < 100% 2,477 884 13,053 533 12,910 2,158 2,388 11,233 711 10,666 10,024 3,967 38% 82% 9,920 9,999 9,514 1,314 2,984 1,212 7,652 2,830 1,273 1,294 1,342 1,241 1,836 4,233 3,457 1,168 1,018 3,788 3,700 3,254 Fully Provisioned Overdue 680 357 457 8,083 8,286 7,639 7,065 6,661 5,966 4,964 4,926 5,019 62% 18% 271 1,051 5,456 Jun-18 Mar-19 Jun-19 Jun-18 Mar-19 Jun-19 Jun-18 Mar-19 Jun-19 Retail - Brazil 1 Wholesale - Brazil 1 Latin America 2 ¹ Includes units abroad ex-Latin America.² Excludes Brazil. Itaú Unibanco Holding S.A. 14 Management Discussion & Analysis Income Statement Analysis Allowance for Loan Losses and for Financial Guarantees Loan Portfolio by Risk Level Provided Brazil1 Consolidated Compared to the end of March 2019, the allowance for loan losses and for financial guarantees provided were down by 3.3%. This Total Allowance for Loan Losses (R$ million) reduction was driven by the lower requirement of additional 31,026 29,441 28,249 36,118 34,206 33,091 allowance in Wholesale Banking in Brazil. R$ millions Loan Portfolio by Risk Level 36,118 35,496 34,206 34,261 33,091 7,586 7,065 6,375 5,964 5,748 42.9% 42.9% 43.6% 43.2% 42.8% 44.2% 1,810 1,269 1,158 1,136 1,139 11,682 12,946 11,837 12,874 11,546 14,913 15,402 13,849 14,217 14,659 33.5% 34.8% 34.5% 38.0% 38.1% 36.6% Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 9.5% 10.3% 9.8% 5.0% 5.8% 6.0% 4.2% 4.2% 4.8% 4.4% 4.1% 5.0% 9.9% 9.1% 8.7% 8.5% Complementary Allowance 7.9% 7.6% Allowance for Financial Guarantees Provided Jun-18 Mar-19 Jun-19 Jun-18 Mar-19 Jun-19 Generic Allowance Specific Allowance AA A B C D-H We present below the total allowance allocation by type of risk: Overdue Risk: Allowances for overdue loans, as required by the Brazilian Central Bank, related to the minimum provision required for overdue operations according to CMN Resolution No. 2,682/1999. We also present the amount for loans 100% provisioned and for loans that do not require 100% of provision. Aggravated Risk: Allowances for overdue loans with aggravated risk ratings above the minimum required by the Brazilian Central Bank, and allowances for renegotiated loans. Regarding renegotiated loans, we segregate allowances over the minimum required by the Brazilian Central Bank for overdue operations and allowances for non-overdue operations. Potential Risk: Allowances for expected losses related to Retail Banking operations and allowances for potential losses related to Wholesale Banking operations, which includes allowance for financial guarantees provided. R$ millions Allocation of Total Allowance by Type of Risk - Consolidated Jun-19 10,666 9,514 12,910 33,091 Mar-19 11,233 9,920 13,053 34,206 Jun-18 9,999 10,024 16,095 36,118 Overdue operations according to the Expected and/or Potential Loss Renegotiations and overdue loans Brazilian Central Bank 16,095 Renegotiations Provision < 100% 2,477 884 13,053 533 12,910 2,158 2,388 11,233 711 10,666 10,024 3,967 38% 82% 9,920 9,999 9,514 1,314 2,984 1,212 7,652 2,830 1,273 1,294 1,342 1,241 1,836 4,233 3,457 1,168 1,018 3,788 3,700 3,254 Fully Provisioned Overdue 680 357 457 8,083 8,286 7,639 7,065 6,661 5,966 4,964 4,926 5,019 62% 18% 271 1,051 5,456 Jun-18 Mar-19 Jun-19 Jun-18 Mar-19 Jun-19 Jun-18 Mar-19 Jun-19 Retail - Brazil 1 Wholesale - Brazil 1 Latin America 2 ¹ Includes units abroad ex-Latin America.² Excludes Brazil. Itaú Unibanco Holding S.A. 14

Management Discussion & Analysis Income Statement Analysis Credit Quality Highlights · NPL ratio 90 days overdue (NPL 90) decreased from the first quarter of 2019, driven by loans written off as losses from specific corporate segment clients, which were 100% provisioned. Worth mentioning is the new decrease in the NPL ratio for very small, small and middle- market companies, which reached the lowest level since the merger between Itaú and Unibanco. · NPL ratio 15 to 90 days overdue (NPL 15-90) remained stable from the previous quarter. The NPL ratio for the corporate segment in Brazil increased and was offset by the decrease in NPL ratios in Latin America (ex-Brazil) and very small, small and middle-market companies in Brazil. Nonperforming Loans NPL Ratio (%) | 15 to 90 days R$ billions 3.6 3.3 3.3 3.2 3.2 3.2 2.9 3.1 16.4 3.1 3.1 3.0 15.9 2.6 2.8 15.4 15.6 15.5 2.8 2.9 2.8 14.9 15.2 15.1 2.5 2.6 14.6 14.3 3.2 2.5 13.8 3.1 3.0 3.0 2.3 2.9 13.8 13.2 13.3 13.4 13.1 2.7 2.7 13.0 2.7 2.8 2.7 2.6 2.7 12.3 2.5 2.6 2.5 2.7 2.7 2.3 2.3 2.6 2.5 2.4 2.1 2.4 2.4 2.1 2.3 1.8 1.8 * 1.5 1.5 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Nonperforming Loans over 90 days - Total Nonperforming Loans over 90 days - Brazil¹ Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Total Brazil¹ Latin America² · Nonperforming loans - 90 days - Total: the 3.1% decrease from * Note: Total and Latin America NPL Ratio (15-90 days) prior to June 2016 do not include the previous quarter was mainly driven by the write-off as losses of CorpBanca. specific corporate clients. · Consolidated: remained stable in the quarter. · Brazil1: remained stable in the quarter, with increase in the corporate portfolio, offset by the reduction in the very small, small NPL Ratio (%) | over 90 days and middle-market companies. · Latin America2: decreased in the quarter both for individuals and 4.8 companies in Chile. 4.5 4.4 4.2 4.2 3.9 3.9 3.8 3.8 3.7 3.7 3.6 3.7 3.5 3.5 3.4 3.5 3.9 3.6 3.5 3.4 3.4 3.2 3.2 3.0 3.2 3.1 3.1 2.9 3.0 2.9 3.0 2.8 2.9 1.6 1.5 1.4 1.5 1.3 1.4 1.2 1.3 1.4 1.4 1.2 1.2 1.2 NPL Ratio - Brazil1 (%) | 15 to 90 days 1.1 1.1 1.1 1.1 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 4.3 4.2 4.2 4.3 4.2 Total Brazil¹ Latin America² 4.0 3.9 3.7 3.6 3.5 3.5 3.5 3.4 3.4 4.2 4.2 3.3 3.2 3.9 3.8 3.7 2.9 3.6 3.5 · Consolidated and Brazil1: the ratio decreased from the previous 3.4 2.5 2.3 2.4 2.3 3.0 2.0 1.9 2.8 1.8 1.8 quarter driven by the corporate segment, and very small, small, and 1.5 1.7 1.6 1.4 1.5 1.0 1.0 1.8 0.8 0.9 1.7 0.7 middle market companies in Brazil. 1.5 1.0 0.9 0.7 · Latin America2: the ratio remained stable in the quarter, with an Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 increase in Colombia and a decrease in Chile. Individuals Very Small, Small and Middle Market Companies Corporate NPL Ratio - Brazil1 (%) | over 90 days · Individuals: the ratio remained stable in the quarter. 6.3· Very small, small and middle-market companies: the ratio 6.0 6.0 5.8 5.8 5.6 5.4 5.2 5.1 4.9 4.9 decreased from the previous quarter, reaching the lowest level since 4.6 5.9 5.7 4.5 4.5 4.4 4.4 4.5 5.6 5.6 5.3 5.1 4.9 the merger between Itaú and Unibanco, due to the better quality of 4.5 4.7 4.3 4.2 2.9 4.0 2.5 3.7 3.4 recent vintages.   3.2 2.8 2.6 · Corporate: the ratio increased from the previous quarter for clients 1.8 1.8 1.8 1.5 1.7 1.5 1.5 1.6 1.6 1.2 1.3 1.1 1.0 1.0 1.0 that were already adequately provisioned. There was no Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 concentration in a specific client or sector. Individuals Corporate Very Small, Small and Middle Market Companies · Individuals: the ratio increased from the previous quarter, driven by the mix of products in portfolios with higher risk. · Very small, small and middle-market companies: decreased for th the 11 consecutive quarter, reaching the lowest level since the merger between Itaú and Unibanco, due to the better quality of recent vintages. · Corporate: the ratio decreased from the previous quarter, mainly driven by the write-off as losses from specific corporate clients. ¹ Includes units abroad ex-Latin America.² Excludes Brazil. Itaú Unibanco Holding S.A. 15 Management Discussion & Analysis Income Statement Analysis Credit Quality Highlights · NPL ratio 90 days overdue (NPL 90) decreased from the first quarter of 2019, driven by loans written off as losses from specific corporate segment clients, which were 100% provisioned. Worth mentioning is the new decrease in the NPL ratio for very small, small and middle- market companies, which reached the lowest level since the merger between Itaú and Unibanco. · NPL ratio 15 to 90 days overdue (NPL 15-90) remained stable from the previous quarter. The NPL ratio for the corporate segment in Brazil increased and was offset by the decrease in NPL ratios in Latin America (ex-Brazil) and very small, small and middle-market companies in Brazil. Nonperforming Loans NPL Ratio (%) | 15 to 90 days R$ billions 3.6 3.3 3.3 3.2 3.2 3.2 2.9 3.1 16.4 3.1 3.1 3.0 15.9 2.6 2.8 15.4 15.6 15.5 2.8 2.9 2.8 14.9 15.2 15.1 2.5 2.6 14.6 14.3 3.2 2.5 13.8 3.1 3.0 3.0 2.3 2.9 13.8 13.2 13.3 13.4 13.1 2.7 2.7 13.0 2.7 2.8 2.7 2.6 2.7 12.3 2.5 2.6 2.5 2.7 2.7 2.3 2.3 2.6 2.5 2.4 2.1 2.4 2.4 2.1 2.3 1.8 1.8 * 1.5 1.5 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Nonperforming Loans over 90 days - Total Nonperforming Loans over 90 days - Brazil¹ Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Total Brazil¹ Latin America² · Nonperforming loans - 90 days - Total: the 3.1% decrease from * Note: Total and Latin America NPL Ratio (15-90 days) prior to June 2016 do not include the previous quarter was mainly driven by the write-off as losses of CorpBanca. specific corporate clients. · Consolidated: remained stable in the quarter. · Brazil1: remained stable in the quarter, with increase in the corporate portfolio, offset by the reduction in the very small, small NPL Ratio (%) | over 90 days and middle-market companies. · Latin America2: decreased in the quarter both for individuals and 4.8 companies in Chile. 4.5 4.4 4.2 4.2 3.9 3.9 3.8 3.8 3.7 3.7 3.6 3.7 3.5 3.5 3.4 3.5 3.9 3.6 3.5 3.4 3.4 3.2 3.2 3.0 3.2 3.1 3.1 2.9 3.0 2.9 3.0 2.8 2.9 1.6 1.5 1.4 1.5 1.3 1.4 1.2 1.3 1.4 1.4 1.2 1.2 1.2 NPL Ratio - Brazil1 (%) | 15 to 90 days 1.1 1.1 1.1 1.1 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 4.3 4.2 4.2 4.3 4.2 Total Brazil¹ Latin America² 4.0 3.9 3.7 3.6 3.5 3.5 3.5 3.4 3.4 4.2 4.2 3.3 3.2 3.9 3.8 3.7 2.9 3.6 3.5 · Consolidated and Brazil1: the ratio decreased from the previous 3.4 2.5 2.3 2.4 2.3 3.0 2.0 1.9 2.8 1.8 1.8 quarter driven by the corporate segment, and very small, small, and 1.5 1.7 1.6 1.4 1.5 1.0 1.0 1.8 0.8 0.9 1.7 0.7 middle market companies in Brazil. 1.5 1.0 0.9 0.7 · Latin America2: the ratio remained stable in the quarter, with an Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 increase in Colombia and a decrease in Chile. Individuals Very Small, Small and Middle Market Companies Corporate NPL Ratio - Brazil1 (%) | over 90 days · Individuals: the ratio remained stable in the quarter. 6.3· Very small, small and middle-market companies: the ratio 6.0 6.0 5.8 5.8 5.6 5.4 5.2 5.1 4.9 4.9 decreased from the previous quarter, reaching the lowest level since 4.6 5.9 5.7 4.5 4.5 4.4 4.4 4.5 5.6 5.6 5.3 5.1 4.9 the merger between Itaú and Unibanco, due to the better quality of 4.5 4.7 4.3 4.2 2.9 4.0 2.5 3.7 3.4 recent vintages. 3.2 2.8 2.6 · Corporate: the ratio increased from the previous quarter for clients 1.8 1.8 1.8 1.5 1.7 1.5 1.5 1.6 1.6 1.2 1.3 1.1 1.0 1.0 1.0 that were already adequately provisioned. There was no Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 concentration in a specific client or sector. Individuals Corporate Very Small, Small and Middle Market Companies · Individuals: the ratio increased from the previous quarter, driven by the mix of products in portfolios with higher risk. · Very small, small and middle-market companies: decreased for th the 11 consecutive quarter, reaching the lowest level since the merger between Itaú and Unibanco, due to the better quality of recent vintages. · Corporate: the ratio decreased from the previous quarter, mainly driven by the write-off as losses from specific corporate clients. ¹ Includes units abroad ex-Latin America.² Excludes Brazil. Itaú Unibanco Holding S.A. 15

Management Discussion & Analysis Income Statement Analysis Coverage Ratio | 90 days NPL Creation R$ millions 246% 248% 243% 245% 236% 235% 221% 5,042 5,076 208% 208% 4,968 4,744 4,426 4,381 4,375 4,442 3,790 3,907 3,804 3,619 3,499 3,535 3,565 3,456 3,312 3,191 101% 100% 100% 96% 95% 92% 90% 88% 87% 1,149 1,152 1,038 669 547 387 530 546 427 517 702 395 318 360 410 235 231 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 -256 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Total Total (Expanded) Total Retail Banking - Brazil Wholesale Banking - Brazil Latin America ex-Brazil 952% 932% 908% 715% 639% · Consolidated: decreased from the previous period, mainly driven 618% 517% by the lower nonperforming loans in Wholesale Banking in Brazil. 253% 399% 249% 247% 245% 338% 241% 235% 221% 243% 220% 241% 235% 227% 204% 223% 221% 219% 205% NPL Creation Coverage 206% 169% 172% 169% 168% 169% 172% 166% 166% 164% 263% Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 230% 138% 133% 136% 130% Total - Brazil¹ Latin America ex-Brazil Retail Banking - Brazil Wholesale Banking - Brazil 128% 154% 114% 99% 113% 108% 98% 104% 108% 107% 113% 82% 97% · Consolidated: coverage ratio remained stable in the quarter. The 102% 100% 93% 112% 89% 79% 85% 83% 79% 98% increase in Wholesale Banking in Brazil was due to the loans written 48% -26% -29% 34% -53% -66% off as losses from specific clients of the segment. This increase was -87% offset by the greater relevance of the Retail Banking in Brazil portfolio, 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 which has structurally lower coverage than the Wholesale portfolio. Total Retail Banking - Brazil Wholesale Banking - Brazil Latin America ex-Brazil Loan Portfolio Write-Off In the second quarter of 2019, total NPL Creation coverage reached R$ millions 93% driven by the decrease in NPL Creation and the increase in 5,361 5,250 4,726 4,714 4,776 provision for loan losses in the quarter. It is worth mentioning that 4,412 4,422 4,151 4,064 1.1% 1.0% 0.9% 1.0% 0.9% 1.0% 0.8% 0.8% 0.8% the expected loss model includes provisions not only for operations with incurred losses, but also for operations that have not yet incurred losses. 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Write-Off Write-Off / Loan Portfolio (*) · Retail Banking - Brazil: the NPL Creation coverage ratio reached (*) Loan portfolio average balance for the previous two quarters. 108%, in line with historical levels. Loan portfolio write-offs increased by 26.5% when compared to the · Wholesale Banking - Brazil: the NPL Creation coverage ratio was previous quarter, mainly in the Wholesale Banking segment in Brazil. impacted by the improved risk rating of segment clients. The ratio of write-offs to the average balance of loan portfolio increased, but it still remains consistent with previous years. Renegotiated Loans Operations The decrease in renegotiated loan operations, compared to the previous quarter, was driven by some exposures of the corporate By overdue period measured at the segment in Brazil, which were more than 90 days overdue. Part of renegotiation moment these exposures was written off as losses and part of them was R$ billions Brazil settled. Therefore, delinquency rates and the coverage ratio of the 25.2 25.7 25.2 25.4 24.7 portfolio decreased, since nonperforming loans were adequately 27.9 provisioned. 27.5 27.3 27.6 26.9 2.3 2.2 2.1 2.3 2.3 1.8 1.8 1.8 1.8 1.3 40.8% 41.4% 41.4% 39.9% 39.2% 8.7 8.2 8.0 7.3 8.5 4.9 4.8 4.9 5.1 5.2 1.4 19.1% 1.4 1.4 17.5% 1.3 16.8% 1.2 15.7% 15.0% 9.8 9.0 9.2 8.5 8.8 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 When non-overdue When up to 30 days overdue When 31-90 days overdue Coverage Ratio (LLP/Portfolio) When over 90 days overdue When Written-off as a Loss Latin America Total of Renegotiated Loans Portfolio 90-day NPL ratio (%) Itaú Unibanco Holding S.A. 16 Management Discussion & Analysis Income Statement Analysis Coverage Ratio | 90 days NPL Creation R$ millions 246% 248% 243% 245% 236% 235% 221% 5,042 5,076 208% 208% 4,968 4,744 4,426 4,381 4,375 4,442 3,790 3,907 3,804 3,619 3,499 3,535 3,565 3,456 3,312 3,191 101% 100% 100% 96% 95% 92% 90% 88% 87% 1,149 1,152 1,038 669 547 387 530 546 427 517 702 395 318 360 410 235 231 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 -256 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Total Total (Expanded) Total Retail Banking - Brazil Wholesale Banking - Brazil Latin America ex-Brazil 952% 932% 908% 715% 639% · Consolidated: decreased from the previous period, mainly driven 618% 517% by the lower nonperforming loans in Wholesale Banking in Brazil. 253% 399% 249% 247% 245% 338% 241% 235% 221% 243% 220% 241% 235% 227% 204% 223% 221% 219% 205% NPL Creation Coverage 206% 169% 172% 169% 168% 169% 172% 166% 166% 164% 263% Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 230% 138% 133% 136% 130% Total - Brazil¹ Latin America ex-Brazil Retail Banking - Brazil Wholesale Banking - Brazil 128% 154% 114% 99% 113% 108% 98% 104% 108% 107% 113% 82% 97% · Consolidated: coverage ratio remained stable in the quarter. The 102% 100% 93% 112% 89% 79% 85% 83% 79% 98% increase in Wholesale Banking in Brazil was due to the loans written 48% -26% -29% 34% -53% -66% off as losses from specific clients of the segment. This increase was -87% offset by the greater relevance of the Retail Banking in Brazil portfolio, 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 which has structurally lower coverage than the Wholesale portfolio. Total Retail Banking - Brazil Wholesale Banking - Brazil Latin America ex-Brazil Loan Portfolio Write-Off In the second quarter of 2019, total NPL Creation coverage reached R$ millions 93% driven by the decrease in NPL Creation and the increase in 5,361 5,250 4,726 4,714 4,776 provision for loan losses in the quarter. It is worth mentioning that 4,412 4,422 4,151 4,064 1.1% 1.0% 0.9% 1.0% 0.9% 1.0% 0.8% 0.8% 0.8% the expected loss model includes provisions not only for operations with incurred losses, but also for operations that have not yet incurred losses. 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Write-Off Write-Off / Loan Portfolio (*) · Retail Banking - Brazil: the NPL Creation coverage ratio reached (*) Loan portfolio average balance for the previous two quarters. 108%, in line with historical levels. Loan portfolio write-offs increased by 26.5% when compared to the · Wholesale Banking - Brazil: the NPL Creation coverage ratio was previous quarter, mainly in the Wholesale Banking segment in Brazil. impacted by the improved risk rating of segment clients. The ratio of write-offs to the average balance of loan portfolio increased, but it still remains consistent with previous years. Renegotiated Loans Operations The decrease in renegotiated loan operations, compared to the previous quarter, was driven by some exposures of the corporate By overdue period measured at the segment in Brazil, which were more than 90 days overdue. Part of renegotiation moment these exposures was written off as losses and part of them was R$ billions Brazil settled. Therefore, delinquency rates and the coverage ratio of the 25.2 25.7 25.2 25.4 24.7 portfolio decreased, since nonperforming loans were adequately 27.9 provisioned. 27.5 27.3 27.6 26.9 2.3 2.2 2.1 2.3 2.3 1.8 1.8 1.8 1.8 1.3 40.8% 41.4% 41.4% 39.9% 39.2% 8.7 8.2 8.0 7.3 8.5 4.9 4.8 4.9 5.1 5.2 1.4 19.1% 1.4 1.4 17.5% 1.3 16.8% 1.2 15.7% 15.0% 9.8 9.0 9.2 8.5 8.8 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 When non-overdue When up to 30 days overdue When 31-90 days overdue Coverage Ratio (LLP/Portfolio) When over 90 days overdue When Written-off as a Loss Latin America Total of Renegotiated Loans Portfolio 90-day NPL ratio (%) Itaú Unibanco Holding S.A. 16

Management Discussion & Analysis Income Statement Analysis Commissions and Fees and Result from Insurance Operations1 Highlights · A 5.0% increase in the quarter driven by higher fund management fees and revenues from advisory services and brokerage, partially offset by the lower revenues from acquiring business. · In the first half of 2019 the positive highlights were the higher revenues from credit card issuance, brokerage and fund management fees. These positive effects were partially offset by the lower revenues from the acquiring business. D D D In R$ millions 2Q19 1Q19 2Q18 1H19 1H18 Credit and Debit Cards 3,192 3,280 -2.7% 3,248 -1.7% 6,472 6,584 -1.7% Card Issuance 2,228 2,175 2.5% 2,022 10.2% 4,403 4,077 8.0% Acquiring 9 64 1,106 -12.8% 1,226 -21.4% 2,069 2,506 -17.4% Current Account Services 1,827 1 ,846 -1.0% 1,819 0.4% 3,673 3,637 1.0% Asset Management 1,270 1,067 19.1% 1,106 14.9% 2,337 2,119 10.3% Fund Management Fees 1,100 888 23.9% 942 16.8% 1,988 1,799 10.5% Consortia Administration Fees 171 179 -4.6% 164 4.1% 349 320 9.3% Credit Operations and Guarantees Provided 661 599 10.4% 648 2.0% 1,260 1,297 -2.8% Collection Services 489 467 4.6% 483 1.1% 956 940 1.6% Advisory Services and Brokerage 611 374 63.7% 418 46.4% 985 739 33.3% Other 277 258 7.5% 285 -2.6% 535 548 -2.5% Latin America (ex-Brazil) 736 732 0.5% 719 2.3% 1,467 1,390 5.6% Commissions and Fees 9,063 8 ,622 5.1% 8,726 3.9% 17,685 17,255 2.5% Result from Insurance Operations¹ 1,675 1,607 4.3% 1,645 1.8% 3,282 3,247 1.1% Total 10, 738 10,228 5.0% 10,371 3.5% 20,967 20,501 2.3% ¹ Revenues from Insurance, Pension Plan and Premium Bonds Operations net of retained claims and selling expenses. Credit and Debit Cards Credit and debit card revenues decreased by 2.7% from the previous quarter, driven by the decreased revenues from prepayment, MDR (Merchant Discount Rate) and rental of equipment. The new commercial proposal of the acquiring business, which established the end of the prepayment rate on credit card transactions without installments for eligible clients and the evolution of Pop Credicard contributed to the increase in the equipment base of 7.1% in the quarter and 22.0% when compared to the same period of the previous year. Compared to the first half of 2018, card revenues decreased by 1.7% driven by lower revenues from the acquiring business. These effects were partially offset by higher revenues from credit interchange and annuity fees. Acquiring Activities Card Issuance Activities R$ millions R$ millions Transaction Volume Transaction Volume 1,357 31.1 33.1 33.8 1,267 2Q19 2Q19 28.6 29.3 1,112 26.9 126,316 R$126.3 billion R$114.1 billion 119,540 113,004 114,055 108,867 101,733 30,947 + 5.7% (vs. 1Q19) + 0.9% (vs. 1Q19) 30,276 27,198 39,959 40,128 + 16.0% (vs. 2Q18) + 12.1% (vs. 2Q18) 35,818 95,368 89,264 credit credit 81,669 72,877 74,095 65,915 + 6.8% (vs. 1Q19) + 1.7% (vs. 1Q19) + 16.8% (vs. 2Q18) + 12.4% (vs. 2Q18) 2Q18 1Q19 2Q19 2Q18 1Q19 2Q19 debit debit Debit Card Transactions Volume Credit Card Transactions Volume Debit Card Transactions Volume + 2.2% (vs. 1Q19) Credit Card Transactions Volume - 0.4% (vs. 1Q19) Equipment Base (thousands) Credit card accounts - does not include additional cards (millions) + 13.8% (vs. 2Q18) + 11.6% (vs. 2Q18) Debit card accounts - does not include additional cards (millions) Note: Debit cards include account holders only. Itaú Unibanco Holding S.A. 17 Management Discussion & Analysis Income Statement Analysis Commissions and Fees and Result from Insurance Operations1 Highlights · A 5.0% increase in the quarter driven by higher fund management fees and revenues from advisory services and brokerage, partially offset by the lower revenues from acquiring business. · In the first half of 2019 the positive highlights were the higher revenues from credit card issuance, brokerage and fund management fees. These positive effects were partially offset by the lower revenues from the acquiring business. D D D In R$ millions 2Q19 1Q19 2Q18 1H19 1H18 Credit and Debit Cards 3,192 3,280 -2.7% 3,248 -1.7% 6,472 6,584 -1.7% Card Issuance 2,228 2,175 2.5% 2,022 10.2% 4,403 4,077 8.0% Acquiring 9 64 1,106 -12.8% 1,226 -21.4% 2,069 2,506 -17.4% Current Account Services 1,827 1 ,846 -1.0% 1,819 0.4% 3,673 3,637 1.0% Asset Management 1,270 1,067 19.1% 1,106 14.9% 2,337 2,119 10.3% Fund Management Fees 1,100 888 23.9% 942 16.8% 1,988 1,799 10.5% Consortia Administration Fees 171 179 -4.6% 164 4.1% 349 320 9.3% Credit Operations and Guarantees Provided 661 599 10.4% 648 2.0% 1,260 1,297 -2.8% Collection Services 489 467 4.6% 483 1.1% 956 940 1.6% Advisory Services and Brokerage 611 374 63.7% 418 46.4% 985 739 33.3% Other 277 258 7.5% 285 -2.6% 535 548 -2.5% Latin America (ex-Brazil) 736 732 0.5% 719 2.3% 1,467 1,390 5.6% Commissions and Fees 9,063 8 ,622 5.1% 8,726 3.9% 17,685 17,255 2.5% Result from Insurance Operations¹ 1,675 1,607 4.3% 1,645 1.8% 3,282 3,247 1.1% Total 10, 738 10,228 5.0% 10,371 3.5% 20,967 20,501 2.3% ¹ Revenues from Insurance, Pension Plan and Premium Bonds Operations net of retained claims and selling expenses. Credit and Debit Cards Credit and debit card revenues decreased by 2.7% from the previous quarter, driven by the decreased revenues from prepayment, MDR (Merchant Discount Rate) and rental of equipment. The new commercial proposal of the acquiring business, which established the end of the prepayment rate on credit card transactions without installments for eligible clients and the evolution of Pop Credicard contributed to the increase in the equipment base of 7.1% in the quarter and 22.0% when compared to the same period of the previous year. Compared to the first half of 2018, card revenues decreased by 1.7% driven by lower revenues from the acquiring business. These effects were partially offset by higher revenues from credit interchange and annuity fees. Acquiring Activities Card Issuance Activities R$ millions R$ millions Transaction Volume Transaction Volume 1,357 31.1 33.1 33.8 1,267 2Q19 2Q19 28.6 29.3 1,112 26.9 126,316 R$126.3 billion R$114.1 billion 119,540 113,004 114,055 108,867 101,733 30,947 + 5.7% (vs. 1Q19) + 0.9% (vs. 1Q19) 30,276 27,198 39,959 40,128 + 16.0% (vs. 2Q18) + 12.1% (vs. 2Q18) 35,818 95,368 89,264 credit credit 81,669 72,877 74,095 65,915 + 6.8% (vs. 1Q19) + 1.7% (vs. 1Q19) + 16.8% (vs. 2Q18) + 12.4% (vs. 2Q18) 2Q18 1Q19 2Q19 2Q18 1Q19 2Q19 debit debit Debit Card Transactions Volume Credit Card Transactions Volume Debit Card Transactions Volume + 2.2% (vs. 1Q19) Credit Card Transactions Volume - 0.4% (vs. 1Q19) Equipment Base (thousands) Credit card accounts - does not include additional cards (millions) + 13.8% (vs. 2Q18) + 11.6% (vs. 2Q18) Debit card accounts - does not include additional cards (millions) Note: Debit cards include account holders only. Itaú Unibanco Holding S.A. 17

Management Discussion & Analysis Income Statement Analysis Loan Operations and Financial Guarantees Current Account Services Provided In the second quarter of 2019, revenues from current account services decreased by 1.0% from the previous quarter due to the Revenues from loan operations and financial guarantees provided change in the mix of current account types. increased by 10.4% from the previous quarter, driven by the larger volume of credit origination for companies, of vehicle financing and Compared to the first half of 2018, these revenues increased by 1.0% the higher use of advances to deposit account holders. driven by the positive effect of higher number of current-account holders which was partially offset by the change in the mix of current Compared to the first half of 2018, these revenues were down by account types. 2.8% driven by the lower volume of financial guarantees provided, which was partially offset by the higher revenues from loan New Accounts operations. Individuals accounts (in thousands) 1,056 1,007 984 Collection Services Revenues from collection services increased by 4.6% compared to 205 the previous quarter, due to the higher volume, pricing, increased 127 offer and expansion of collection services. 42 Compared to the first half of 2018, these revenues grew by 1.6% 2Q17 2Q18 2Q19 driven by higher volume and pricing from payment of taxes and Abreconta App Brick and Mortar Branches contributions. Asset Management Advisory Services and Brokerage Compared to the previous quarter, revenues from advisory and · Fund Management brokerage services increased by R$238 million due to higher capital Fund management fees were higher by R$212 million in the quarter market activity. driven by higher revenues from performance fees and the 3.6% increase in assets under administration. Compared to the first half of 2018, these revenues increased 33.3% driven by the positive impact of the acquisition of XP Investimentos. Compared to the first half of 2018, fund management fees increased 10.5% driven by a 14.7% increase in assets under administration. We Fixed Income: we took part in local operations with debentures, highlight the 48.5% growth in the balance from our open investment promissory notes and securitization, which totaled R$14.5 billion up platform initiative. to May 2019, maintaining the leadership position in the ANBIMA (Brazilian Financial and Capital Markets Association) ranking. Portfolio Managed and Investment Fund R$ billions Equities: we undertook seven offerings in South America in the first +3.6% half of 2019, which totaled US$677 million, reaching the leadership +14.7% 1,176 1,135 position in the Dealogic ranking. 1,107 1,068 1,025 155 142 125 114 104 Mergers and Acquisitions: in the first half of 2019, we provided 1,021 983 993 financial advisory on 11 transactions in South America, totaling 954 921 US$6.9 billion in the Dealogic ranking. 2Q18 3Q18 4Q18 1Q19 2Q19 Open Platform Total Balance (ex- Open Platform) Note: Does not include Latin America (ex-Brazil). · Consortia Administration Fees Consortia administration fees decreased by 4.6% in the quarter, driven by the 1.4% decrease in the number of active contracts, which totaled 368 thousand in June 2019. Compared to the first half of 2018, consortia administration fees grew by 9.3% due to the higher volume. Installments receivable totaled R$11.8 billion at the end of June 2019, remaining stable when compared to March 2019 and increasing by 3.4% from June 2018. Itaú Unibanco Holding S.A. 18 Management Discussion & Analysis Income Statement Analysis Loan Operations and Financial Guarantees Current Account Services Provided In the second quarter of 2019, revenues from current account services decreased by 1.0% from the previous quarter due to the Revenues from loan operations and financial guarantees provided change in the mix of current account types. increased by 10.4% from the previous quarter, driven by the larger volume of credit origination for companies, of vehicle financing and Compared to the first half of 2018, these revenues increased by 1.0% the higher use of advances to deposit account holders. driven by the positive effect of higher number of current-account holders which was partially offset by the change in the mix of current Compared to the first half of 2018, these revenues were down by account types. 2.8% driven by the lower volume of financial guarantees provided, which was partially offset by the higher revenues from loan New Accounts operations. Individuals accounts (in thousands) 1,056 1,007 984 Collection Services Revenues from collection services increased by 4.6% compared to 205 the previous quarter, due to the higher volume, pricing, increased 127 offer and expansion of collection services. 42 Compared to the first half of 2018, these revenues grew by 1.6% 2Q17 2Q18 2Q19 driven by higher volume and pricing from payment of taxes and Abreconta App Brick and Mortar Branches contributions. Asset Management Advisory Services and Brokerage Compared to the previous quarter, revenues from advisory and · Fund Management brokerage services increased by R$238 million due to higher capital Fund management fees were higher by R$212 million in the quarter market activity. driven by higher revenues from performance fees and the 3.6% increase in assets under administration. Compared to the first half of 2018, these revenues increased 33.3% driven by the positive impact of the acquisition of XP Investimentos. Compared to the first half of 2018, fund management fees increased 10.5% driven by a 14.7% increase in assets under administration. We Fixed Income: we took part in local operations with debentures, highlight the 48.5% growth in the balance from our open investment promissory notes and securitization, which totaled R$14.5 billion up platform initiative. to May 2019, maintaining the leadership position in the ANBIMA (Brazilian Financial and Capital Markets Association) ranking. Portfolio Managed and Investment Fund R$ billions Equities: we undertook seven offerings in South America in the first +3.6% half of 2019, which totaled US$677 million, reaching the leadership +14.7% 1,176 1,135 position in the Dealogic ranking. 1,107 1,068 1,025 155 142 125 114 104 Mergers and Acquisitions: in the first half of 2019, we provided 1,021 983 993 financial advisory on 11 transactions in South America, totaling 954 921 US$6.9 billion in the Dealogic ranking. 2Q18 3Q18 4Q18 1Q19 2Q19 Open Platform Total Balance (ex- Open Platform) Note: Does not include Latin America (ex-Brazil). · Consortia Administration Fees Consortia administration fees decreased by 4.6% in the quarter, driven by the 1.4% decrease in the number of active contracts, which totaled 368 thousand in June 2019. Compared to the first half of 2018, consortia administration fees grew by 9.3% due to the higher volume. Installments receivable totaled R$11.8 billion at the end of June 2019, remaining stable when compared to March 2019 and increasing by 3.4% from June 2018. Itaú Unibanco Holding S.A. 18

Insurance, Pension Plan and Premium Bonds Management Discussion and Analysis Result from Insurance, Pension Plan and Premium Bonds Highlights · Increase in the Result from Insurance, Pension Plan and Premium Bonds Operations in the quarter, driven by the insurance premiums earned, the gain from the liability adequacy test in pension plan and earnings of affiliates. · Compared to the first half of 2018, the increase in premiums earned and earnings of affiliates were partially offset by the liability adequacy test and lower managerial financial margin. Result from Insurance, Pension Plan and Premium Bonds D D D In R$ millions 2Q19 1Q19 2Q18 1H19 1H18 Earned Premiums 1,075 1,052 2.2% 1,002 7.2% 2,127 1,985 7.1% Revenues from Pension Plan 117 57 105.6% 192 -38.7% 175 280 -37.6% Revenues from Premium Bonds 107 102 4.6% 117 -8.3% 209 232 -9.6% Managerial Financial Margin (0) 93 -100.1% 97 -100.1% 93 197 -52.9% Commissions and Fees 515 490 5.0% 488 5.5% 1,005 1,005 0.0% Earnings of Affiliates 164 123 33.0% 104 58.2% 287 199 44.4% Revenues from Insurance, Pension Plan and 1,978 1,918 3.1% 1,999 -1.1% 3,896 3,898 -0.1% Premium Bonds Retained Claims (297) (299) -0.8% (335) -11.4% (596) (614) -2.9% Insurance Selling Expenses (6) (12) -51.9% (19) -70.9% (17) (36) -52.7% Result from Insurance, Pension Plan and 1,675 1,607 4.3% 1,645 1.8% 3,282 3,247 1.1% Premium Bonds Recurring Net Income 680 661 2.9% 638 6.6% 1,341 1,319 1.6% Insurance Combined Ratio 61.5% 65.1% -360 bps 66.1% -460 bps 63.3% 63.3% 0 bps The increase in the result from insurance, pension plan and premium Compared to the first half of 2018, the 1.1% increase in the result bonds operations in the quarter was driven by: (i) the increase in from insurance, pension plan and premium bonds operations was earned premiums by higher sales in life and personal accidents, due to higher earned premiums by higher sales in credit life, credit life and protected card insurance policies; (ii) the pension plan protected card, life and personal accidents insurance policies. liability adequacy test; and (iii) the increase in the earnings of Additionally, earnings of affiliates posted an increase. On the other affiliates as a result of our interest in IRB and Porto Seguro, and hand, the liability adequacy test and the managerial financial margin commissions and fees. These effects were partially offset by the were lower in the first half of the year. decrease in the managerial financial margin and the lower return on assets. Earned Premiums Breakdown Retained Claims Breakdown R$ millions R$ millions 32.3% 29.4% 26.7% 27.7% 26.4% 1,052 1,002 1,025 1,045 1,075 294 299 297 9.2% 335 320 11.6% 10.7% 10.4% 13.2% 9.6% 9.5% 9.2% 9.7% 9.3% 1.4% 1.5% 1.4% 29.2% 26.1% 1.6% 1.6% 34.5% 32.6% 36.6% 16.7% 17.3% 15.7% 16.2% 14.7% 4.9% 3.8% 0.8% 2.4% 5.6% 1.4% 4.2% 1.6% 10.1% 14.5% 14.7% 15.1% 15.5% 13.8% 2.5% 10.9% 9.1% 10.0% 10.2% 14.2% 13.4% 9.7% 13.2% 8.2% 47.5% 47.3% 47.2% 46.8% 47.0% 43.8% 41.9% 41.3% 38.3% 39.6% 2Q18 3Q18 4Q18 1Q19 2Q19 2Q18 3Q18 4Q18 1Q19 2Q19 Life and Personal Accidents Protected Card Life and Personal Accidents Protected Card Credit Life Property risk Credit Life Property risk Mortgage Other Mortgage Other Insurance Claims/Earned Premiums Technical Provisions R$ billions 211.9 207.3 203.4 196.7 191.8 188.8 3.5 183.7 3.5 + 9.4% (vs. 2Q18) 177.5 3.6 3.5 7.2 Insurance 3.4 3.4 169.7 3.3 3.3 3.3 3.3 3.2 Premiums Bonds + 5.3% (vs. 2Q18) 42.8 154.8 151.6 149.0 R$211,9 + 9.1% (vs. 2Q18) 144.0 Traditional 140.4 138.1 133.9 130.2 billions 123.9 154.8 PGBL + 12.1% (vs. 2Q18) 41.7 42.8 40.6 + 10.3% (vs. 2Q18) 37.7 38.1 39.2 VGBL 36.9 33.9 32.5 6.5 6.6 7.2 6.6 6.6 6.8 7.0 7.0 6.7 3.1 3.4 3.5 3.6 3.2 3.3 3.4 3.5 3. 6 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Itaú Unibanco Holding S.A. 19 Insurance, Pension Plan and Premium Bonds Management Discussion and Analysis Result from Insurance, Pension Plan and Premium Bonds Highlights · Increase in the Result from Insurance, Pension Plan and Premium Bonds Operations in the quarter, driven by the insurance premiums earned, the gain from the liability adequacy test in pension plan and earnings of affiliates. · Compared to the first half of 2018, the increase in premiums earned and earnings of affiliates were partially offset by the liability adequacy test and lower managerial financial margin. Result from Insurance, Pension Plan and Premium Bonds D D D In R$ millions 2Q19 1Q19 2Q18 1H19 1H18 Earned Premiums 1,075 1,052 2.2% 1,002 7.2% 2,127 1,985 7.1% Revenues from Pension Plan 117 57 105.6% 192 -38.7% 175 280 -37.6% Revenues from Premium Bonds 107 102 4.6% 117 -8.3% 209 232 -9.6% Managerial Financial Margin (0) 93 -100.1% 97 -100.1% 93 197 -52.9% Commissions and Fees 515 490 5.0% 488 5.5% 1,005 1,005 0.0% Earnings of Affiliates 164 123 33.0% 104 58.2% 287 199 44.4% Revenues from Insurance, Pension Plan and 1,978 1,918 3.1% 1,999 -1.1% 3,896 3,898 -0.1% Premium Bonds Retained Claims (297) (299) -0.8% (335) -11.4% (596) (614) -2.9% Insurance Selling Expenses (6) (12) -51.9% (19) -70.9% (17) (36) -52.7% Result from Insurance, Pension Plan and 1,675 1,607 4.3% 1,645 1.8% 3,282 3,247 1.1% Premium Bonds Recurring Net Income 680 661 2.9% 638 6.6% 1,341 1,319 1.6% Insurance Combined Ratio 61.5% 65.1% -360 bps 66.1% -460 bps 63.3% 63.3% 0 bps The increase in the result from insurance, pension plan and premium Compared to the first half of 2018, the 1.1% increase in the result bonds operations in the quarter was driven by: (i) the increase in from insurance, pension plan and premium bonds operations was earned premiums by higher sales in life and personal accidents, due to higher earned premiums by higher sales in credit life, credit life and protected card insurance policies; (ii) the pension plan protected card, life and personal accidents insurance policies. liability adequacy test; and (iii) the increase in the earnings of Additionally, earnings of affiliates posted an increase. On the other affiliates as a result of our interest in IRB and Porto Seguro, and hand, the liability adequacy test and the managerial financial margin commissions and fees. These effects were partially offset by the were lower in the first half of the year. decrease in the managerial financial margin and the lower return on assets. Earned Premiums Breakdown Retained Claims Breakdown R$ millions R$ millions 32.3% 29.4% 26.7% 27.7% 26.4% 1,052 1,002 1,025 1,045 1,075 294 299 297 9.2% 335 320 11.6% 10.7% 10.4% 13.2% 9.6% 9.5% 9.2% 9.7% 9.3% 1.4% 1.5% 1.4% 29.2% 26.1% 1.6% 1.6% 34.5% 32.6% 36.6% 16.7% 17.3% 15.7% 16.2% 14.7% 4.9% 3.8% 0.8% 2.4% 5.6% 1.4% 4.2% 1.6% 10.1% 14.5% 14.7% 15.1% 15.5% 13.8% 2.5% 10.9% 9.1% 10.0% 10.2% 14.2% 13.4% 9.7% 13.2% 8.2% 47.5% 47.3% 47.2% 46.8% 47.0% 43.8% 41.9% 41.3% 38.3% 39.6% 2Q18 3Q18 4Q18 1Q19 2Q19 2Q18 3Q18 4Q18 1Q19 2Q19 Life and Personal Accidents Protected Card Life and Personal Accidents Protected Card Credit Life Property risk Credit Life Property risk Mortgage Other Mortgage Other Insurance Claims/Earned Premiums Technical Provisions R$ billions 211.9 207.3 203.4 196.7 191.8 188.8 3.5 183.7 3.5 + 9.4% (vs. 2Q18) 177.5 3.6 3.5 7.2 Insurance 3.4 3.4 169.7 3.3 3.3 3.3 3.3 3.2 Premiums Bonds + 5.3% (vs. 2Q18) 42.8 154.8 151.6 149.0 R$211,9 + 9.1% (vs. 2Q18) 144.0 Traditional 140.4 138.1 133.9 130.2 billions 123.9 154.8 PGBL + 12.1% (vs. 2Q18) 41.7 42.8 40.6 + 10.3% (vs. 2Q18) 37.7 38.1 39.2 VGBL 36.9 33.9 32.5 6.5 6.6 7.2 6.6 6.6 6.8 7.0 7.0 6.7 3.1 3.4 3.5 3.6 3.2 3.3 3.4 3.5 3. 6 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Itaú Unibanco Holding S.A. 19

Management Discussion & Analysis Income Statement Analysis Non-interest Expenses Highlights · The 4.3% increase from the previous quarter was driven by higher personnel expenses, which are seasonally lower in the first quarter, in addition to the increase in employee terminations and labor claims. · Compared to the first half of 2018, the 3.7% increase was driven by higher personnel expenses, related to the collective bargaining labor agreement and the higher volume of employee terminations. In R$ millions 2Q19 1Q19 D 2Q18 D 1H19 1H18 D Personnel Expenses (5,545) (5,300) 4.6% (5,193) 6.8% (10,846) (10,277) 5.5% Compensation, Charges and Social Benefits (3,517) (3,580) -1.8% (3,528) -0.3% (7,097) (6,945) 2.2% (1) (1,260) (1,264) -0.3% (1,103) 14.3% (2,524) (2,217) 13.9% Management and Employees' Profit Sharing Employee Terminations and Labor Claims (733) (412) 78.0% ( 506) 44.7% (1,144) (1,016) 12.6% Training (36) (45) -20.7% (56) -36.8% (80) (99) -18.7% Administrative Expenses (4,234) (4,113) 2.9% (4,153) 1.9% (8,347) (8,033) 3.9% Third-Party Services (1,071) (1,007) 6.3% (1,000) 7.1% (2,078) (1,935) 7.4% Data Processing and Telecommunications (971) (958) 1.4% (852) 13.9% (1,928) (1,753) 10.0% Facilities and Materials (760) (738) 2.9% (749) 1.4% (1,498) (1,468) 2.0% Depreciation and Amortization (544) (533) 2.0% (536) 1.5% (1,078) (1,074) 0.4% Advertising, Promotions and Publications ( 312) (260) 20.0% ( 381) -18.0% ( 573) (604) -5.2% Security (171 ) (175) -2.1% (169) 1.3% ( 346) (342) 1.3% Financial System Services (131) (151) -12.7% ( 146) -10.2% ( 282) (291) -3.2% Transportation and Travel (148) (125) 17.8% ( 131) 13.0% ( 273) (247) 10.7% Other ( 126) (165) -23.9% ( 189) -33.3% ( 291) (318) -8.5% Operating Expenses (1,179) (1,082) 9.0% (1,230) -4.2% (2,260) (2,397) -5.7% Selling - Credit Cards (644) (615) 4.7% (545) 18.1% (1,259) (1,100) 14.4% Contingencies and Other (437) (365) 19.9% ( 608) -28.1% ( 802) (1,146) -30.0% Claims (98) (102) -4.2% (77) 26.1% ( 199) (151) 31.8% (2) (95) (84) 12.5% (80) 19.0% ( 179) (157) 14.2% Other Tax Expenses (3) Latin America (ex-Brazil) (1,616) (1,570) 2.9% (1,605) 0.7% (3,186) (3,074) 3.6% Total (12,669) (12,150) 4.3% (12,261) 3.3% (24,819) (23,938) 3.7% (1) (2) (3) Includes variable compensation and stock option plans. Does not include ISS, PIS and Cofins. Does not consider overhead allocation. The increase in non-interest expenses in the quarter was due to Compared to the first half of 2018, the 3.7% increase was driven by: higher personnel expenses, impacted by a higher concentration of (i) higher personnel expenses, resulting from by the impact of the employee terminations and labor claims in the period, and to negotiation of the collective bargaining labor agreement, the tariff seasonal effects in the first quarter. Additionally, administrative adjustment by healthcare entities, the increase in the number of expenses increased and the highlights are the increases in third-party employee terminations and labor claims and the advances on profit services and in expenses from advertising, promotions and sharing as a result of retirements and terminations; (ii) higher publications due to marketing campaigns. expenses on third-party services and data processing, and (iii) higher credit card marketing expenses, related to the accreditation of REDE and correpondent banks and to expenses on brands and partnerships. Number of Employees - in thousands 98.4 thousand 100.8 99.9 100.3 99.7 98.4 employees at the end of the 2Q19 13.1 13.0 13.2 12.9 12.7 0.6 0.6 0.6 0.5 0.5 - 1.2% (2Q19/1Q19) - 1.5% (2Q19/2Q18) 86.1 87.1 86.8 86.2 85.2 In Brazil, the annual decrease in staff is a result of the closing of brick and mortar branches. On the other hand, we hired more personnel for the technology area to speed up our digital transformation Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 process. Brazil Abroad (ex-Latin America) Latin America Note: Includes the employees of companies controlled by the Bank. Itaú Unibanco Holding S.A. 20 Management Discussion & Analysis Income Statement Analysis Non-interest Expenses Highlights · The 4.3% increase from the previous quarter was driven by higher personnel expenses, which are seasonally lower in the first quarter, in addition to the increase in employee terminations and labor claims. · Compared to the first half of 2018, the 3.7% increase was driven by higher personnel expenses, related to the collective bargaining labor agreement and the higher volume of employee terminations. In R$ millions 2Q19 1Q19 D 2Q18 D 1H19 1H18 D Personnel Expenses (5,545) (5,300) 4.6% (5,193) 6.8% (10,846) (10,277) 5.5% Compensation, Charges and Social Benefits (3,517) (3,580) -1.8% (3,528) -0.3% (7,097) (6,945) 2.2% (1) (1,260) (1,264) -0.3% (1,103) 14.3% (2,524) (2,217) 13.9% Management and Employees' Profit Sharing Employee Terminations and Labor Claims (733) (412) 78.0% ( 506) 44.7% (1,144) (1,016) 12.6% Training (36) (45) -20.7% (56) -36.8% (80) (99) -18.7% Administrative Expenses (4,234) (4,113) 2.9% (4,153) 1.9% (8,347) (8,033) 3.9% Third-Party Services (1,071) (1,007) 6.3% (1,000) 7.1% (2,078) (1,935) 7.4% Data Processing and Telecommunications (971) (958) 1.4% (852) 13.9% (1,928) (1,753) 10.0% Facilities and Materials (760) (738) 2.9% (749) 1.4% (1,498) (1,468) 2.0% Depreciation and Amortization (544) (533) 2.0% (536) 1.5% (1,078) (1,074) 0.4% Advertising, Promotions and Publications ( 312) (260) 20.0% ( 381) -18.0% ( 573) (604) -5.2% Security (171 ) (175) -2.1% (169) 1.3% ( 346) (342) 1.3% Financial System Services (131) (151) -12.7% ( 146) -10.2% ( 282) (291) -3.2% Transportation and Travel (148) (125) 17.8% ( 131) 13.0% ( 273) (247) 10.7% Other ( 126) (165) -23.9% ( 189) -33.3% ( 291) (318) -8.5% Operating Expenses (1,179) (1,082) 9.0% (1,230) -4.2% (2,260) (2,397) -5.7% Selling - Credit Cards (644) (615) 4.7% (545) 18.1% (1,259) (1,100) 14.4% Contingencies and Other (437) (365) 19.9% ( 608) -28.1% ( 802) (1,146) -30.0% Claims (98) (102) -4.2% (77) 26.1% ( 199) (151) 31.8% (2) (95) (84) 12.5% (80) 19.0% ( 179) (157) 14.2% Other Tax Expenses (3) Latin America (ex-Brazil) (1,616) (1,570) 2.9% (1,605) 0.7% (3,186) (3,074) 3.6% Total (12,669) (12,150) 4.3% (12,261) 3.3% (24,819) (23,938) 3.7% (1) (2) (3) Includes variable compensation and stock option plans. Does not include ISS, PIS and Cofins. Does not consider overhead allocation. The increase in non-interest expenses in the quarter was due to Compared to the first half of 2018, the 3.7% increase was driven by: higher personnel expenses, impacted by a higher concentration of (i) higher personnel expenses, resulting from by the impact of the employee terminations and labor claims in the period, and to negotiation of the collective bargaining labor agreement, the tariff seasonal effects in the first quarter. Additionally, administrative adjustment by healthcare entities, the increase in the number of expenses increased and the highlights are the increases in third-party employee terminations and labor claims and the advances on profit services and in expenses from advertising, promotions and sharing as a result of retirements and terminations; (ii) higher publications due to marketing campaigns. expenses on third-party services and data processing, and (iii) higher credit card marketing expenses, related to the accreditation of REDE and correpondent banks and to expenses on brands and partnerships. Number of Employees - in thousands 98.4 thousand 100.8 99.9 100.3 99.7 98.4 employees at the end of the 2Q19 13.1 13.0 13.2 12.9 12.7 0.6 0.6 0.6 0.5 0.5 - 1.2% (2Q19/1Q19) - 1.5% (2Q19/2Q18) 86.1 87.1 86.8 86.2 85.2 In Brazil, the annual decrease in staff is a result of the closing of brick and mortar branches. On the other hand, we hired more personnel for the technology area to speed up our digital transformation Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 process. Brazil Abroad (ex-Latin America) Latin America Note: Includes the employees of companies controlled by the Bank. Itaú Unibanco Holding S.A. 20

Management Discussion & Analysis Income Statement Analysis Efficiency Ratio We present the efficiency ratio and the risk-adjusted efficiency ratio, which includes the cost of credit (result from loan losses, impairment and discounts granted). 65.7 61.0 63.4 63.3 60.9 60.8 61.3 61.7 60.9 47.1 46.2 47.3 49.2 48.8 48.7 46.3 45.7 45.9 66.6 65.0 64.2 63.3 62.2 61.2 61.2 62.7 61.2 47.7 47.6 47.7 46.4 47.0 47.4 47.5 45.5 45.3 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Trailing 12-month Efficiency Ratio (%) Trailing 12-month Risk-Adjusted Efficiency Ratio (%) Quarterly Efficiency Ratio (%) Quarterly Risk-Adjusted Efficiency Ratio (%) Efficiency Ratio: Branches Efficiency Ratio (%): · 12-month period: increase of 10 basis points from the same period of the previous year. Our non-interest expenses increased 74.8 70.0 70.5 69.5 by 3.8%, whereas inflation for the period was 3.4% (IPCA). On the 68.9 68.5 other hand, our revenues increased by 3.5%. 27.5 26.3 26.5 26.5 26.6 25.4 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Risk-Adjusted Efficiency Ratio: Brick and Mortar Branches Digital Branches · 12-month period: decrease of 150 basis points from the same period of the previous year, driven by the 7.1% decrease in cost of credit as a result of lower provisions for loan losses and lower impairment charges on corporate securities. Distribution Network Branches and Client Service Branches | Brazil and Abroad Points of Service | Brazil and Abroad The number of avaible ATMs of Banco24Horas increased by 4.4% The search for efficiency and the higher demand for services from the same period of the previous year, driven by the agreement through digital channels led to the annual decrease of 5.6% in with Tecban establishing the replacement of our external ATMs brick and mortar branches in Brazil. In Latin America, we launched network. two digital branches in the first half of the year, one in Paraguay and one in Uruguay. 4,940 4,904 4,917 4,934 4,722 47,887 48,476 160 173 195 195 47,650 47,953 47,505 196 3 7 3,531 3,531 3,530 3,527 3,332 23,049 22,086 22,431 22,605 23,053 697 700 703 691 686 1,175 1,175 1,187 1,169 1,167 516 513 512 521 508 598 592 610 589 584 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Branches + CSB (Latin America ex-Brazil) CSB - Brazil 23,760 23,680 23,660 23,590 22,701 (i) Brick and Mortar Branches - Brazil Digital Branches - Brazil (i) Includes IBBA representative offices abroad. Note: Includes Banco Itaú BBA, Banco Itaú Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Argentina and companies in Chile, Colombia, Panama, Paraguay and Uruguay. Brazil ESB Latin America Banco24Horas Third Party Locations (*) Geographical Distribution of Service Network Number of Branches and Client Service Branches North Northeast Midwest Southeast South Note: (i) Includes Banco Itaú Argentina and banks in Chile, Colombia, Paraguay and Uruguay; (ii) Includes ESBs (Electronic Service Branches) and points of service in third- 109 316 298 2,844 632 parties’ establishments. (iii) Does not include points of sale. (*) In June 2019. Does not include branches and CSBs in Latin America and Itaú BBA. Itaú Unibanco Holding S.A. 21 Management Discussion & Analysis Income Statement Analysis Efficiency Ratio We present the efficiency ratio and the risk-adjusted efficiency ratio, which includes the cost of credit (result from loan losses, impairment and discounts granted). 65.7 61.0 63.4 63.3 60.9 60.8 61.3 61.7 60.9 47.1 46.2 47.3 49.2 48.8 48.7 46.3 45.7 45.9 66.6 65.0 64.2 63.3 62.2 61.2 61.2 62.7 61.2 47.7 47.6 47.7 46.4 47.0 47.4 47.5 45.5 45.3 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Trailing 12-month Efficiency Ratio (%) Trailing 12-month Risk-Adjusted Efficiency Ratio (%) Quarterly Efficiency Ratio (%) Quarterly Risk-Adjusted Efficiency Ratio (%) Efficiency Ratio: Branches Efficiency Ratio (%): · 12-month period: increase of 10 basis points from the same period of the previous year. Our non-interest expenses increased 74.8 70.0 70.5 69.5 by 3.8%, whereas inflation for the period was 3.4% (IPCA). On the 68.9 68.5 other hand, our revenues increased by 3.5%. 27.5 26.3 26.5 26.5 26.6 25.4 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Risk-Adjusted Efficiency Ratio: Brick and Mortar Branches Digital Branches · 12-month period: decrease of 150 basis points from the same period of the previous year, driven by the 7.1% decrease in cost of credit as a result of lower provisions for loan losses and lower impairment charges on corporate securities. Distribution Network Branches and Client Service Branches | Brazil and Abroad Points of Service | Brazil and Abroad The number of avaible ATMs of Banco24Horas increased by 4.4% The search for efficiency and the higher demand for services from the same period of the previous year, driven by the agreement through digital channels led to the annual decrease of 5.6% in with Tecban establishing the replacement of our external ATMs brick and mortar branches in Brazil. In Latin America, we launched network. two digital branches in the first half of the year, one in Paraguay and one in Uruguay. 4,940 4,904 4,917 4,934 4,722 47,887 48,476 160 173 195 195 47,650 47,953 47,505 196 3 7 3,531 3,531 3,530 3,527 3,332 23,049 22,086 22,431 22,605 23,053 697 700 703 691 686 1,175 1,175 1,187 1,169 1,167 516 513 512 521 508 598 592 610 589 584 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Branches + CSB (Latin America ex-Brazil) CSB - Brazil 23,760 23,680 23,660 23,590 22,701 (i) Brick and Mortar Branches - Brazil Digital Branches - Brazil (i) Includes IBBA representative offices abroad. Note: Includes Banco Itaú BBA, Banco Itaú Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Argentina and companies in Chile, Colombia, Panama, Paraguay and Uruguay. Brazil ESB Latin America Banco24Horas Third Party Locations (*) Geographical Distribution of Service Network Number of Branches and Client Service Branches North Northeast Midwest Southeast South Note: (i) Includes Banco Itaú Argentina and banks in Chile, Colombia, Paraguay and Uruguay; (ii) Includes ESBs (Electronic Service Branches) and points of service in third- 109 316 298 2,844 632 parties’ establishments. (iii) Does not include points of sale. (*) In June 2019. Does not include branches and CSBs in Latin America and Itaú BBA. Itaú Unibanco Holding S.A. 21

Management Discussion & Analysis Balance Sheet Balance Sheet Highlights · Increase of 1.6% in total assets in the quarter and of 8.8% in 12 months, driven by loans to individuals, very small, small and middle-market companies. · Annual growth of 8.6% in deposits, especially time deposits, due to the partial migration of funds derived from repurchase agreements backed by debentures. Assets In R$ millions, end of period 2Q19 1Q19 2Q18 D'D' Current and Long-term Assets 1,644,066 1,617,065 1.7% 1,514,685 8.5% Cash 33,242 30,376 9.4% 25,402 30.9% Interbank Investments 284,781 284,398 0.1% 277,465 2.6% Securities and Derivative Financial Instruments 473,608 464,081 2.1% 449,462 5.4% Interbank and Interbranch Accounts 134,741 133,331 1.1% 119,863 12.4% Loan, Lease and Other Loan Operations 552,909 543,654 1.7% 518,510 6.6% (Allowance for Loan Losses) (31,952) (33,048) -3.3% (34,308) -6.9% Other Assets 196,738 194,274 1.3% 158,292 24.3% Permanent Assets 34,312 34,359 -0.1% 27,999 22.5% TotalAssets 1,678,378 1,651,425 1.6% 1,542,684 8.8% Liabilities In R$ millions, end of period 2Q19 1Q19 2Q18 D'D' Current and Long-Term Liabilities 1,537,520 1,516,436 1.4% 1,405,008 9.4% Deposits 463,259 461,487 0.4% 426,595 8.6% Deposits Received under Securities Repurchase Agreements 316,543 328,028 -3.5% 315,554 0.3% Fund from Acceptances and Issue of Securities 125,336 117,040 7.1% 115,008 9.0% Interbank and Interbranch Accounts 55,243 50,807 8.7% 42,871 28.9% Borrowings and Onlendings 72,788 69,630 4.5% 61,872 17.6% Derivative Financial Instruments 35,655 27,599 29.2% 31,655 12.6% Technical Provisions for Insurance, Pension Plans and Premium Bonds 211,905 207,308 2.2% 191,765 10.5% Other Liabilities 256,790 254,537 0.9% 219,688 16.9% Deferred Income 2,606 2,667 -2.3% 2,678 -2.7% Minority Interest in Subsidiaries 12,515 12,498 0.1% 13,240 -5.5% Stockholders' Equity 125,737 119,824 4.9% 121,758 3.3% Total Liabilities and Equity 1,678,378 1,651,425 1.6% 1,542,684 8.8% Assets and liabilities denominated in foreign currencies We have a foreign exchange risk management policy associated with our asset and liability positions, primarily intended to mitigate impacts from fluctuations in foreign exchange rates on consolidated results. Brazilian tax legislation determines that gains and losses from exchange rate variation on permanent foreign investments must not be included in the tax basis. On the other hand, gains and losses arising from financial instruments used to hedge such asset positions are affected by tax effects. Therefore, in order not to expose net income to exchange rate variations, a liability position must be built at a higher volume than the hedged assets. In R$ millions, end of period 2Q19 1Q19D' The net foreign exchange position includes Investments Abroad 73,937 68,672 7.7% not only hedge positions of our Net Foreign Exchange Position (Except Investments Abroad) (124,037) (131,274) -5.5% investments abroad, but also directional Total (50,101) ( 62,602) -20.0% positions in foreign currencies. Total in US$ (13,074) ( 16,065) -18.6% Itaú Itaú U Un nib iban anc co o H Ho old lding ing S. S.A. A. 22 Management Discussion & Analysis Balance Sheet Balance Sheet Highlights · Increase of 1.6% in total assets in the quarter and of 8.8% in 12 months, driven by loans to individuals, very small, small and middle-market companies. · Annual growth of 8.6% in deposits, especially time deposits, due to the partial migration of funds derived from repurchase agreements backed by debentures. Assets In R$ millions, end of period 2Q19 1Q19 2Q18 D'D' Current and Long-term Assets 1,644,066 1,617,065 1.7% 1,514,685 8.5% Cash 33,242 30,376 9.4% 25,402 30.9% Interbank Investments 284,781 284,398 0.1% 277,465 2.6% Securities and Derivative Financial Instruments 473,608 464,081 2.1% 449,462 5.4% Interbank and Interbranch Accounts 134,741 133,331 1.1% 119,863 12.4% Loan, Lease and Other Loan Operations 552,909 543,654 1.7% 518,510 6.6% (Allowance for Loan Losses) (31,952) (33,048) -3.3% (34,308) -6.9% Other Assets 196,738 194,274 1.3% 158,292 24.3% Permanent Assets 34,312 34,359 -0.1% 27,999 22.5% TotalAssets 1,678,378 1,651,425 1.6% 1,542,684 8.8% Liabilities In R$ millions, end of period 2Q19 1Q19 2Q18 D'D' Current and Long-Term Liabilities 1,537,520 1,516,436 1.4% 1,405,008 9.4% Deposits 463,259 461,487 0.4% 426,595 8.6% Deposits Received under Securities Repurchase Agreements 316,543 328,028 -3.5% 315,554 0.3% Fund from Acceptances and Issue of Securities 125,336 117,040 7.1% 115,008 9.0% Interbank and Interbranch Accounts 55,243 50,807 8.7% 42,871 28.9% Borrowings and Onlendings 72,788 69,630 4.5% 61,872 17.6% Derivative Financial Instruments 35,655 27,599 29.2% 31,655 12.6% Technical Provisions for Insurance, Pension Plans and Premium Bonds 211,905 207,308 2.2% 191,765 10.5% Other Liabilities 256,790 254,537 0.9% 219,688 16.9% Deferred Income 2,606 2,667 -2.3% 2,678 -2.7% Minority Interest in Subsidiaries 12,515 12,498 0.1% 13,240 -5.5% Stockholders' Equity 125,737 119,824 4.9% 121,758 3.3% Total Liabilities and Equity 1,678,378 1,651,425 1.6% 1,542,684 8.8% Assets and liabilities denominated in foreign currencies We have a foreign exchange risk management policy associated with our asset and liability positions, primarily intended to mitigate impacts from fluctuations in foreign exchange rates on consolidated results. Brazilian tax legislation determines that gains and losses from exchange rate variation on permanent foreign investments must not be included in the tax basis. On the other hand, gains and losses arising from financial instruments used to hedge such asset positions are affected by tax effects. Therefore, in order not to expose net income to exchange rate variations, a liability position must be built at a higher volume than the hedged assets. In R$ millions, end of period 2Q19 1Q19D' The net foreign exchange position includes Investments Abroad 73,937 68,672 7.7% not only hedge positions of our Net Foreign Exchange Position (Except Investments Abroad) (124,037) (131,274) -5.5% investments abroad, but also directional Total (50,101) ( 62,602) -20.0% positions in foreign currencies. Total in US$ (13,074) ( 16,065) -18.6% Itaú Itaú U Un nib iban anc co o H Ho old lding ing S. S.A. A. 22

Management Discussion & Analysis Balance Sheet Credit Portfolio Highlights · The loan portfolio of individuals grew 3.2% in the quarter, boosted by credit card, personal and vehicle loans. · The growth in companies portfolio in Brazil was concentrated in the very small, small and middle-market loans and is related to the greater demand from clients. Credit Portfolio by Product In R$ billions, end of period 2Q19 1Q19 D 2Q18 D (1 ) Individuals - Brazil 221.5 214.7 3.2% 194.1 14.2% Credit Card Loans 79.3 76.4 3.7% 66.1 20.0% Personal Loans 31.9 30.1 5.9% 27.3 16.9% (2 ) Payroll Loans 49.1 48.6 1.0% 45.4 8.1% Vehicle Loans 17.2 16.6 3.9% 14.7 17.4% Mortgage Loans 44.0 42.9 2.6% 40.5 8.6% Rural Loans 0.1 0.1 -13.1% 0.1 -29.0% (1 ) Companies - Brazil 177.0 173.6 2.0% 169.8 4.3% (3 ) Working Capital 96.3 95.8 0.5% 86.1 11.8% BNDES/Onlending 13.6 14.9 -8.7% 19.3 -29.2% Export / Import Financing 44.9 42.3 6.1% 45.6 -1.6% Vehicle Loans 6.0 5.1 19.2% 3.2 91.7% Mortgage Loans 5.3 5.7 -7.3% 7.1 -25.6% Rural Loans 10.9 9.8 11.2% 8.5 28.0% (4 ) Latin America 154.3 155.4 -0.7% 154.6 -0.2% Total without Financial Guarantees Provided 552.9 543.7 1.7% 518.5 6.6% Financial Guarantees Provided 64.7 65.4 -1.1% 70.1 -7.8% Total with Financial Guarantees Provided 617.6 609.0 1.4% 588.6 4.9% (5 ) Corporate Securities 42.2 38.0 10.9% 34.6 21.8% Total Risk 659.7 647.1 2.0% 623.3 5.9% (1) Includes units abroad ex-Latin America. (2) Includes operations originated by the institution and acquired operations. (3) Also includes Overdraft, Receivables, Hot Money, Leasing, and other. (4) Includes Argentina, Chile, Colombia, Panama, Paraguay and Uruguay. (5) Includes Debentures, Certificates of Real Estate Receivables (CRI) and Commercial Paper. Credit Concentration Companies Credit Portfolio by Business Sector With Financial Guarantees Provided As of June 30, 2019 2Q19 1Q19 In R$ billions, end of period D Only 15.5% of the credit risk is concentrated on the 100 largest debtors. Public Sector 2.3 2.8 -16.7% Private Sector 331 .8 330.2 0.5% % of total % of total * Risk Real Estate 22.1 21.4 3.0% In R$ billions credits Assets Food and beverage 20.6 19.3 6.9% Largest Debtor 5.2 0.8 0 .3 10 Largest Debtors 29.0 4.7 1 .8 Agribusiness and fertilizers 18.6 18.4 1.2% 20 Largest Debtors 43.9 7.1 2 .7 Transportation 17.7 17.2 3.3% 50 Largest Debtors 70.7 11.4 4 .3 Energy and water treatment 15.8 16.7 -5.3% 100 Largest Debtors 95.9 15.5 5 .8 Vehicles and auto parts 14.8 12.9 14.5% (*) Including financial guarantees provided Banks and other financial institutions 12.3 12.4 -0.6% Infrastructure work 11.8 11.3 4.1% Credit Portfolio without Financial Petrochemical and chemical 11.1 11.2 -0.9% Guarantees Provided by Vintage Steel and metallurgy 9.6 9.6 -0.7% In R$ billions Telecommunications 9.1 9.2 -1.0% Mining 8.9 10.9 -18.4% 544 553 519 Pharmaceutical and cosmetics 8.0 7.9 0.6% Oil and gas 6.8 6.8 0.3% 34.8% 36.2% 38.9% Electronic and IT 6.7 6.1 8.6% Capital Assets 6.7 6.2 7.0% 5.1% 4.6% 5.2% 6.4% Construction Material 6.0 5.6 6.6% 7.2% 6.0% 8.0% 8.0% Sugar and Alcohol 5.6 6.0 -7.0% 7.9% 10.0% 10.8% 9.9% Entertainment and tourism 5.5 5.7 -2.5% Services - Other 43.0 43.4 -1.1% 35.7% 32.1% 33.2% Commerce - Other 20.5 20.1 2.0% Industry - Other 9.6 9.9 -2.7% 2Q18 1Q19 2Q19 Other 41.0 41.8 -1.9% Actual Quarter (q) q-1 q-2 q-3 q-4 q=<-5 Total 334.1 333.0 0.3% Itaú Unibanco Holding S.A. 23 Management Discussion & Analysis Balance Sheet Credit Portfolio Highlights · The loan portfolio of individuals grew 3.2% in the quarter, boosted by credit card, personal and vehicle loans. · The growth in companies portfolio in Brazil was concentrated in the very small, small and middle-market loans and is related to the greater demand from clients. Credit Portfolio by Product In R$ billions, end of period 2Q19 1Q19 D 2Q18 D (1 ) Individuals - Brazil 221.5 214.7 3.2% 194.1 14.2% Credit Card Loans 79.3 76.4 3.7% 66.1 20.0% Personal Loans 31.9 30.1 5.9% 27.3 16.9% (2 ) Payroll Loans 49.1 48.6 1.0% 45.4 8.1% Vehicle Loans 17.2 16.6 3.9% 14.7 17.4% Mortgage Loans 44.0 42.9 2.6% 40.5 8.6% Rural Loans 0.1 0.1 -13.1% 0.1 -29.0% (1 ) Companies - Brazil 177.0 173.6 2.0% 169.8 4.3% (3 ) Working Capital 96.3 95.8 0.5% 86.1 11.8% BNDES/Onlending 13.6 14.9 -8.7% 19.3 -29.2% Export / Import Financing 44.9 42.3 6.1% 45.6 -1.6% Vehicle Loans 6.0 5.1 19.2% 3.2 91.7% Mortgage Loans 5.3 5.7 -7.3% 7.1 -25.6% Rural Loans 10.9 9.8 11.2% 8.5 28.0% (4 ) Latin America 154.3 155.4 -0.7% 154.6 -0.2% Total without Financial Guarantees Provided 552.9 543.7 1.7% 518.5 6.6% Financial Guarantees Provided 64.7 65.4 -1.1% 70.1 -7.8% Total with Financial Guarantees Provided 617.6 609.0 1.4% 588.6 4.9% (5 ) Corporate Securities 42.2 38.0 10.9% 34.6 21.8% Total Risk 659.7 647.1 2.0% 623.3 5.9% (1) Includes units abroad ex-Latin America. (2) Includes operations originated by the institution and acquired operations. (3) Also includes Overdraft, Receivables, Hot Money, Leasing, and other. (4) Includes Argentina, Chile, Colombia, Panama, Paraguay and Uruguay. (5) Includes Debentures, Certificates of Real Estate Receivables (CRI) and Commercial Paper. Credit Concentration Companies Credit Portfolio by Business Sector With Financial Guarantees Provided As of June 30, 2019 2Q19 1Q19 In R$ billions, end of period D Only 15.5% of the credit risk is concentrated on the 100 largest debtors. Public Sector 2.3 2.8 -16.7% Private Sector 331 .8 330.2 0.5% % of total % of total * Risk Real Estate 22.1 21.4 3.0% In R$ billions credits Assets Food and beverage 20.6 19.3 6.9% Largest Debtor 5.2 0.8 0 .3 10 Largest Debtors 29.0 4.7 1 .8 Agribusiness and fertilizers 18.6 18.4 1.2% 20 Largest Debtors 43.9 7.1 2 .7 Transportation 17.7 17.2 3.3% 50 Largest Debtors 70.7 11.4 4 .3 Energy and water treatment 15.8 16.7 -5.3% 100 Largest Debtors 95.9 15.5 5 .8 Vehicles and auto parts 14.8 12.9 14.5% (*) Including financial guarantees provided Banks and other financial institutions 12.3 12.4 -0.6% Infrastructure work 11.8 11.3 4.1% Credit Portfolio without Financial Petrochemical and chemical 11.1 11.2 -0.9% Guarantees Provided by Vintage Steel and metallurgy 9.6 9.6 -0.7% In R$ billions Telecommunications 9.1 9.2 -1.0% Mining 8.9 10.9 -18.4% 544 553 519 Pharmaceutical and cosmetics 8.0 7.9 0.6% Oil and gas 6.8 6.8 0.3% 34.8% 36.2% 38.9% Electronic and IT 6.7 6.1 8.6% Capital Assets 6.7 6.2 7.0% 5.1% 4.6% 5.2% 6.4% Construction Material 6.0 5.6 6.6% 7.2% 6.0% 8.0% 8.0% Sugar and Alcohol 5.6 6.0 -7.0% 7.9% 10.0% 10.8% 9.9% Entertainment and tourism 5.5 5.7 -2.5% Services - Other 43.0 43.4 -1.1% 35.7% 32.1% 33.2% Commerce - Other 20.5 20.1 2.0% Industry - Other 9.6 9.9 -2.7% 2Q18 1Q19 2Q19 Other 41.0 41.8 -1.9% Actual Quarter (q) q-1 q-2 q-3 q-4 q=<-5 Total 334.1 333.0 0.3% Itaú Unibanco Holding S.A. 23

Management Discussion & Analysis Balance Sheet 1 Credit Portfolio (Individuals and Companies) - Brazil Loan Portfolio Mix - Individuals Loan Portfolio Mix - Companies Jun-19 7.8% 35.8% 14.4% 19.9% 22.2% Jun-19 42.4% 57.6% Jun-14 Jun-14 19.8% 31.1% 16.4% 15.3% 17.4% 34.6% 65.4% Very Small, Small and Middle Market Loans Corporate Loans Vehicles Credit Card Personal Loans Mortgage Loans Payroll Loans 2 Payroll Loans Mortgage loans Corporate R$49.1 billion as of June 30, 2019 R$49.2 billion as of June 30, 2019 R$102.1 billion as of June 30, 2019 + 1.0% (vs. Mar-19) + 8.1% (vs. June-18) + 1.4% (vs. Mar-19) + 3.5% (vs. June-18) - 0.2% (vs. Mar-19) - 4.4% (vs. June-18) The payroll loans portfolio for INSS 89% of the mortgage portfolio is Individuals pensioners grew 12.2% compared to the In the second quarter the large companies same period of the previous year. 99.9% guaranteed by fiduciary alienation portfolio decreased 0.2%. 3 The origination of credit grew 29% when compared to the same period of the Portfolio 2Q19 Originations in 2Q19 previous year, in operations with short 81.7% of total credit mortgage is done maturities. By Sector By origination by borrowers (%) (R$ billions) R$4.1 billion + 57.7% (vs. 2Q18) 5.8 4.5 42% 58% Loan-to-Value 38.8 Ratio of the amount of the financing to the value of the real estate property Branches INSS Itaú Consignado S.A. Public Sector Vintage (quarterly average) Portfolio Private Sector 59.7% 38.7% Credit Cards Vehicle Financing Very Small, Small and Middle Market R$75.0 billion as of June 30, 2019 R$79.3 billion as of June 30, 2019 R$17.2 billion as of June 30, 2019 + 3.7% (vs. Mar-19) + 20.0% (vs. June-18) + 3.9% (vs. Mar-19) + 17.4% (vs. June-18) + 5.1% (vs. Mar-19) + 18. 9% (vs. June-18) In the second quarter of 2019, the 9.4% 9.7% 8.8% 3 origination of credits for very small, small 9.7% Originations in 2Q19 7.6% 9.2% and middle-market companies increased R$3.0 billion + 16.0% (vs. 2Q18) 41% from the previous year. 82.7% 82.0% 80.9% Average Term % Average Average Ticket Down Payment 43 months R$35.1 thousand 37% Jun-18 Mar-19 Jun-19 Revolving Credit + Overdue Loans¹ Loan-to-Value Installment with Interest Transactor² Vintage (quarterly average) Portfolio 58.5% 59.1% (1) Includes nonperforming loans more than 1 day overdue; (2) includes installment without interest. (1) (2) (3) Without financial guarantees provided. Includes Individuals and Companies. Average origination per working day in the quarter. Note: For further information on products, please see to our Institutional Presentation, available on our Investor Relations website. Itaú Unibanco Holding S.A. 24 Management Discussion & Analysis Balance Sheet 1 Credit Portfolio (Individuals and Companies) - Brazil Loan Portfolio Mix - Individuals Loan Portfolio Mix - Companies Jun-19 7.8% 35.8% 14.4% 19.9% 22.2% Jun-19 42.4% 57.6% Jun-14 Jun-14 19.8% 31.1% 16.4% 15.3% 17.4% 34.6% 65.4% Very Small, Small and Middle Market Loans Corporate Loans Vehicles Credit Card Personal Loans Mortgage Loans Payroll Loans 2 Payroll Loans Mortgage loans Corporate R$49.1 billion as of June 30, 2019 R$49.2 billion as of June 30, 2019 R$102.1 billion as of June 30, 2019 + 1.0% (vs. Mar-19) + 8.1% (vs. June-18) + 1.4% (vs. Mar-19) + 3.5% (vs. June-18) - 0.2% (vs. Mar-19) - 4.4% (vs. June-18) The payroll loans portfolio for INSS 89% of the mortgage portfolio is Individuals pensioners grew 12.2% compared to the In the second quarter the large companies same period of the previous year. 99.9% guaranteed by fiduciary alienation portfolio decreased 0.2%. 3 The origination of credit grew 29% when compared to the same period of the Portfolio 2Q19 Originations in 2Q19 previous year, in operations with short 81.7% of total credit mortgage is done maturities. By Sector By origination by borrowers (%) (R$ billions) R$4.1 billion + 57.7% (vs. 2Q18) 5.8 4.5 42% 58% Loan-to-Value 38.8 Ratio of the amount of the financing to the value of the real estate property Branches INSS Itaú Consignado S.A. Public Sector Vintage (quarterly average) Portfolio Private Sector 59.7% 38.7% Credit Cards Vehicle Financing Very Small, Small and Middle Market R$75.0 billion as of June 30, 2019 R$79.3 billion as of June 30, 2019 R$17.2 billion as of June 30, 2019 + 3.7% (vs. Mar-19) + 20.0% (vs. June-18) + 3.9% (vs. Mar-19) + 17.4% (vs. June-18) + 5.1% (vs. Mar-19) + 18. 9% (vs. June-18) In the second quarter of 2019, the 9.4% 9.7% 8.8% 3 origination of credits for very small, small 9.7% Originations in 2Q19 7.6% 9.2% and middle-market companies increased R$3.0 billion + 16.0% (vs. 2Q18) 41% from the previous year. 82.7% 82.0% 80.9% Average Term % Average Average Ticket Down Payment 43 months R$35.1 thousand 37% Jun-18 Mar-19 Jun-19 Revolving Credit + Overdue Loans¹ Loan-to-Value Installment with Interest Transactor² Vintage (quarterly average) Portfolio 58.5% 59.1% (1) Includes nonperforming loans more than 1 day overdue; (2) includes installment without interest. (1) (2) (3) Without financial guarantees provided. Includes Individuals and Companies. Average origination per working day in the quarter. Note: For further information on products, please see to our Institutional Presentation, available on our Investor Relations website. Itaú Unibanco Holding S.A. 24

Management Discussion & Analysis Balance Sheet Funding Highlights · Compared to the second quarter of 2018, the 11.0% growth in time deposits is partially related to the migration of funds from debentures linked to repurchase agreements. · Savings deposits increased 8.0% when compared to the same period of the previous year. In R$ millions, end of period 2Q19 1Q19D 2Q18D Demand Deposits 73,352 74,757 -1.9% 70,646 3.8% Savings Deposits 137,568 136,613 0.7% 127,342 8.0% Time Deposits 250,521 248,049 1.0% 225,762 11.0% Debentures (Linked to Repurchase Agreements and Third Parties’ Operations) 10,426 15,336 -32.0% 35,392 -70.5% (1) Funds from Bills and Structured Operations Certificates 78,824 72,002 9.5% 71,540 10.2% 550,691 546,757 0.7% 530,682 3.8% (1) Total - Funding from Account Holders and Institutional Clients Onlending 14,615 15,855 -7.8% 20,221 -27.7% 565,306 562,612 0.5% 550,902 2.6% (2) Total – Funding from Clients Assets Under Administration 1,200,283 1,158,642 3.6% 1,050,220 14.3% Technical Provisions for Insurance, Pension Plan and Premium Bonds 211,905 207,308 2.2% 191,765 10.5% 1,977,495 1,928,562 2.5% 1,792,887 10.3% (3) Total – Clients Interbank deposits 1,814 2,065 -12.1% 2,843 -36.2% Funds from Acceptance and Issuance of Securities 46,513 45,038 3.3% 43,468 7.0% Total Funds from Clients + Interbank Deposits 2,025,822 1,975,665 2.5% 1,839,198 10.1% 622,746 619,407 0.5% 549,245 13.4% Working Capital and Other (2) Repurchase Agreements 306,117 312,691 -2.1% 280,162 9.3% Borrowings 58,174 53,775 8.2% 41,652 39.7% Foreign Exchange Portfolio 97,433 97,108 0.3% 61,963 57.2% Subordinated Debt 51,968 52,580 -1.2% 53,925 -3.6% Collection and Payment of Taxes and Contributions 5,114 5,290 -3.3% 4,544 12.6% (3) Working Capital 103,940 97,963 6.1% 106,999 -2.9% Total Funds (Working Capital, Raised and Managed Assets) 2,648,567 2,595,072 2.1% 2,388,443 10.9% (1) Includes funds from Real Estate, Mortgage, Financial, Credit and Similar Notes. (2) Does not include own issued debentures classified as funding. (3) Stockholders’ Equity + Non- Controlling Interest – Permanent Assets. Loans to Funding Ratio In R$ millions, end of period 2Q19 1Q19 D 2Q18 D Funding from Clients 565,306 562,612 0.5% 550,902 2.6% Funds from Acceptance and Issuance of Securities Abroad 46,513 45,038 3.3% 43,468 7.0% Borrowings 58,174 53,775 8.2% 41,652 39.7% (1) Other 28,334 28,946 -2.1% 30,613 -7.4% 698,326 Total (A) 690,371 1.2% 666,635 4.8% (-) Reserve Required by Brazilian Central Bank (95,478) (94,854) 0.7% (93,008) 2.7% (2) (-) Cash (Currency) (33,242) (30,376) 9.4% (25,402) 30.9% Total (B) 569,607 565,141 0.8% 548,225 3.9% (3) Loan Portfolio (C) 552,909 543,654 1.7% 518,510 6.6% Loan Portfolio / Gross Funding (C/A) 79.2% 78.7% 40 bps 77.8% 140 bps Loan Portfolio / Net Funding (C/B) 97.1% 96.2% 90 bps 94.6% 250 bps (1) Includes installments of subordinated debt that are not included in the Tier II Referential Equity. (2) Includes cash, bank deposits of institutions without reserve requirements, foreign currency deposits in Brazil, foreign currency deposits abroad, and cash and cash equivalents in foreign currency. (3) The loan portfolio balance does not include financial guarantees provided. Itaú Itaú U Un nib iban anc co o H Ho old lding ing S. S.A. A. 25 Management Discussion & Analysis Balance Sheet Funding Highlights · Compared to the second quarter of 2018, the 11.0% growth in time deposits is partially related to the migration of funds from debentures linked to repurchase agreements. · Savings deposits increased 8.0% when compared to the same period of the previous year. In R$ millions, end of period 2Q19 1Q19D 2Q18D Demand Deposits 73,352 74,757 -1.9% 70,646 3.8% Savings Deposits 137,568 136,613 0.7% 127,342 8.0% Time Deposits 250,521 248,049 1.0% 225,762 11.0% Debentures (Linked to Repurchase Agreements and Third Parties’ Operations) 10,426 15,336 -32.0% 35,392 -70.5% (1) Funds from Bills and Structured Operations Certificates 78,824 72,002 9.5% 71,540 10.2% 550,691 546,757 0.7% 530,682 3.8% (1) Total - Funding from Account Holders and Institutional Clients Onlending 14,615 15,855 -7.8% 20,221 -27.7% 565,306 562,612 0.5% 550,902 2.6% (2) Total – Funding from Clients Assets Under Administration 1,200,283 1,158,642 3.6% 1,050,220 14.3% Technical Provisions for Insurance, Pension Plan and Premium Bonds 211,905 207,308 2.2% 191,765 10.5% 1,977,495 1,928,562 2.5% 1,792,887 10.3% (3) Total – Clients Interbank deposits 1,814 2,065 -12.1% 2,843 -36.2% Funds from Acceptance and Issuance of Securities 46,513 45,038 3.3% 43,468 7.0% Total Funds from Clients + Interbank Deposits 2,025,822 1,975,665 2.5% 1,839,198 10.1% 622,746 619,407 0.5% 549,245 13.4% Working Capital and Other (2) Repurchase Agreements 306,117 312,691 -2.1% 280,162 9.3% Borrowings 58,174 53,775 8.2% 41,652 39.7% Foreign Exchange Portfolio 97,433 97,108 0.3% 61,963 57.2% Subordinated Debt 51,968 52,580 -1.2% 53,925 -3.6% Collection and Payment of Taxes and Contributions 5,114 5,290 -3.3% 4,544 12.6% (3) Working Capital 103,940 97,963 6.1% 106,999 -2.9% Total Funds (Working Capital, Raised and Managed Assets) 2,648,567 2,595,072 2.1% 2,388,443 10.9% (1) Includes funds from Real Estate, Mortgage, Financial, Credit and Similar Notes. (2) Does not include own issued debentures classified as funding. (3) Stockholders’ Equity + Non- Controlling Interest – Permanent Assets. Loans to Funding Ratio In R$ millions, end of period 2Q19 1Q19 D 2Q18 D Funding from Clients 565,306 562,612 0.5% 550,902 2.6% Funds from Acceptance and Issuance of Securities Abroad 46,513 45,038 3.3% 43,468 7.0% Borrowings 58,174 53,775 8.2% 41,652 39.7% (1) Other 28,334 28,946 -2.1% 30,613 -7.4% 698,326 Total (A) 690,371 1.2% 666,635 4.8% (-) Reserve Required by Brazilian Central Bank (95,478) (94,854) 0.7% (93,008) 2.7% (2) (-) Cash (Currency) (33,242) (30,376) 9.4% (25,402) 30.9% Total (B) 569,607 565,141 0.8% 548,225 3.9% (3) Loan Portfolio (C) 552,909 543,654 1.7% 518,510 6.6% Loan Portfolio / Gross Funding (C/A) 79.2% 78.7% 40 bps 77.8% 140 bps Loan Portfolio / Net Funding (C/B) 97.1% 96.2% 90 bps 94.6% 250 bps (1) Includes installments of subordinated debt that are not included in the Tier II Referential Equity. (2) Includes cash, bank deposits of institutions without reserve requirements, foreign currency deposits in Brazil, foreign currency deposits abroad, and cash and cash equivalents in foreign currency. (3) The loan portfolio balance does not include financial guarantees provided. Itaú Itaú U Un nib iban anc co o H Ho old lding ing S. S.A. A. 25

Management Discussion & Analysis Capital and Risk Capital, Liquidity and Market ratios Itaú Unibanco assesses its capital adequacy to face the incurred risks, represented by the regulatory capital for credit, market and operational risks and by the capital necessary to cover other risks, in accordance with the set of rules disclosed by the Central Bank of Brazil, which implements the Basel III capital requirements in Brazil. The Board of Directors established that the minimum level for the Company’s Tier I capital must be 13.5% in order to maintain proper capital levels in normal situations and to absorb shocks in stress scenarios. Tier I Capital Ratio On June 30, 2019, our Tier I Capital reached 14.9%, consisting of 13.6% Common Equity Tier I and 1.3% Additional Tier I. 14.9% 14.6% 0.8% -0.1% -0.4% 1.3% 1.3% 13.6% 13.3% Tier I 2Q19 net income and Prudential Adjustments RWA Tier I Mar-19 other equity changes Jun-19 Additional Tier I (AT1) Common Equity Tier I (CET I) Capital Ratios 2Q19 1Q19 In R$ millions, end of period Main changes in the quarter: Core Capital 115,498 109,156 Tier I (Core Capital + Additional Capital) 126,373 120,124 Referential Equity: Increase of 4.7% mainly driven by the net income of Referential Equity (Tier I and Tier II) 138,267 132,056 the period offset by the provision for mandatory minimum dividends. Total Risk-weighted Exposure (RWA) 847,001 823,818 CP A D Credit Risk-weighted Assets (RWA ) 724,300 705,894 RWA: Increase of R$23,183 million due to the higher exposure of credit risk- Operational Risk-weighted Assets (RWAOPAD) 81,341 81,341 weighted assets (RWA and the higher exposure of market risk-weighted CPAD) Market Risk-weighted Assets (RWAMI NT) 41,360 36,583 assets (RWA ). MINT Core Capital Ratio 13.6% 13.3% Tier I Ratio 14.9% 14.6% BIS ratio: Increase of 30 basis points driven by the result in the period, BIS (Referential Equity / Total Risk-weighted which was partially offset by the increase in credit risk-weighted assets Exposure) 16.3%16.0% (RWA ) and market risk-weighted assets (RWA ). CPAD MINT Note: Includes financial institutions, consortium managers, payment institutions, companies that acquire operations or directly or indirectly assume credit risk and investment funds in which the conglomerate substantially retains risks and benefits. 1,2 Liquidity Ratios Value at Risk - VaR These ratios are calculated based on the methodology defined by the This is one of the main market risk indicators and a statistical Brazilian Central Bank, which is in line with Basel III international guidelines. metric that quantifies the maximum potential economic loss expected in normal market conditions. Liquidity Coverage Ratio (LCR) (2) (2) In R$ millions, end of period 2Q19 1Q19 In R$ millions 2Q19 1Q19 VaR by Risk Factor 1 57,474 HQLA 170,649 Brazilian Interest Rates 813.7 856.8 Potential Cash Outflows 94,194 104,076 Currency 12.3 30.4 LCR (%) 167.2% 164.0% Shares of Stock Exchange 26.4 38.3 Commodities 1.7 1.3 Net Stable Funding Ratio (NSFR) Diversification Effect (524.2) (553.2) In R$ millions 2Q19 1Q19 Total VaR 329.9 373.6 Available Stable Funding 6 84,689 672,040 Maximum VaR in the quarter 413.9 471.9 Required Stable Funding 5 65,158 547,067 Average VaR in the quarter 350.2 397.1 NSFR (%) 121.1% 122.8% Minimum VaR in the quarter 297.8 360.7 (1) Values represented above consider a 1-day time horizon and a 99% confidence level. For 2019, the minimum liquidity ratio indicators required by the Brazilian Central Bank is 100%. (2) The VaR by risk factors includes foreign companies. Note: For further information on risk and capital management, please access the Investor Relations website at www.itau.com.br/investor- relations, section Reports - Pillar 3 and Global Systemically Important Banks. 26 Itaú Unibanco Holding S.A. Management Discussion & Analysis Capital and Risk Capital, Liquidity and Market ratios Itaú Unibanco assesses its capital adequacy to face the incurred risks, represented by the regulatory capital for credit, market and operational risks and by the capital necessary to cover other risks, in accordance with the set of rules disclosed by the Central Bank of Brazil, which implements the Basel III capital requirements in Brazil. The Board of Directors established that the minimum level for the Company’s Tier I capital must be 13.5% in order to maintain proper capital levels in normal situations and to absorb shocks in stress scenarios. Tier I Capital Ratio On June 30, 2019, our Tier I Capital reached 14.9%, consisting of 13.6% Common Equity Tier I and 1.3% Additional Tier I. 14.9% 14.6% 0.8% -0.1% -0.4% 1.3% 1.3% 13.6% 13.3% Tier I 2Q19 net income and Prudential Adjustments RWA Tier I Mar-19 other equity changes Jun-19 Additional Tier I (AT1) Common Equity Tier I (CET I) Capital Ratios 2Q19 1Q19 In R$ millions, end of period Main changes in the quarter: Core Capital 115,498 109,156 Tier I (Core Capital + Additional Capital) 126,373 120,124 Referential Equity: Increase of 4.7% mainly driven by the net income of Referential Equity (Tier I and Tier II) 138,267 132,056 the period offset by the provision for mandatory minimum dividends. Total Risk-weighted Exposure (RWA) 847,001 823,818 CP A D Credit Risk-weighted Assets (RWA ) 724,300 705,894 RWA: Increase of R$23,183 million due to the higher exposure of credit risk- Operational Risk-weighted Assets (RWAOPAD) 81,341 81,341 weighted assets (RWA and the higher exposure of market risk-weighted CPAD) Market Risk-weighted Assets (RWAMI NT) 41,360 36,583 assets (RWA ). MINT Core Capital Ratio 13.6% 13.3% Tier I Ratio 14.9% 14.6% BIS ratio: Increase of 30 basis points driven by the result in the period, BIS (Referential Equity / Total Risk-weighted which was partially offset by the increase in credit risk-weighted assets Exposure) 16.3%16.0% (RWA ) and market risk-weighted assets (RWA ). CPAD MINT Note: Includes financial institutions, consortium managers, payment institutions, companies that acquire operations or directly or indirectly assume credit risk and investment funds in which the conglomerate substantially retains risks and benefits. 1,2 Liquidity Ratios Value at Risk - VaR These ratios are calculated based on the methodology defined by the This is one of the main market risk indicators and a statistical Brazilian Central Bank, which is in line with Basel III international guidelines. metric that quantifies the maximum potential economic loss expected in normal market conditions. Liquidity Coverage Ratio (LCR) (2) (2) In R$ millions, end of period 2Q19 1Q19 In R$ millions 2Q19 1Q19 VaR by Risk Factor 1 57,474 HQLA 170,649 Brazilian Interest Rates 813.7 856.8 Potential Cash Outflows 94,194 104,076 Currency 12.3 30.4 LCR (%) 167.2% 164.0% Shares of Stock Exchange 26.4 38.3 Commodities 1.7 1.3 Net Stable Funding Ratio (NSFR) Diversification Effect (524.2) (553.2) In R$ millions 2Q19 1Q19 Total VaR 329.9 373.6 Available Stable Funding 6 84,689 672,040 Maximum VaR in the quarter 413.9 471.9 Required Stable Funding 5 65,158 547,067 Average VaR in the quarter 350.2 397.1 NSFR (%) 121.1% 122.8% Minimum VaR in the quarter 297.8 360.7 (1) Values represented above consider a 1-day time horizon and a 99% confidence level. For 2019, the minimum liquidity ratio indicators required by the Brazilian Central Bank is 100%. (2) The VaR by risk factors includes foreign companies. Note: For further information on risk and capital management, please access the Investor Relations website at www.itau.com.br/investor- relations, section Reports - Pillar 3 and Global Systemically Important Banks. 26 Itaú Unibanco Holding S.A.

Management Discussion and A nal ysis Segment Analysis Results by Business Segment The Pro Forma financial statements of Retail Banking, Wholesale Banking and Activities with the Market + Corporation presented below are based on managerial information derived from internal models to more accurately reflect the activities of the business units. Retail Banking Retail banking products and services offered to both current account and non-current account holders include: personal loans, mortgage loans, payroll loans, credit cards, acquiring services, vehicle financing, insurance, pension plan and premium bond products, among others. Current account holders are segmented into: (i) Retail, (ii) Uniclass, (iii) Personnalité and (iv) Very small and small companies. Highlights · The 8.2% increase in the financial margin with clients in the quarter was partially offset by higher non-interest expenses and the increase in the provision for loan losses. · Compared to the second quarter of 2018, the increase in financial margin with clients in the quarter more than offset the increase in provision for loan losses and higher non-interest expenses. 2Q19 1Q19 Δ 2Q18 Δ In R$ millions Operating Revenues 19 ,477 18,569 4.9% 18,112 7.5% Managerial Financial Margin 11,529 10,653 8.2% 10,072 14.5% Commissions and Fees 6,224 6,212 0.2% 6,236 -0.2% Revenues from Insurance, Pension Plans and Premium Bonds Operations before 1,724 1,704 1.1% 1,803 -4.4% Retained Claims and Selling Expenses Cost of Credit (3,940) (3,664) 7.5% (3,111) 26.6% Retained Claims (282) (288) -2.3% (317) -11.1% Other Operating Expenses (10,289) (9,902) 3.9% (10,025) 2.6% Income before Tax and Minority Interests 4,966 4,715 5.3% 4,659 6.6% Income Tax and Social Contribution (1,708) (1,586) 7.7% (1,747) -2.2% Minority Interests in Subsidiaries (60) (54) 11.2% (43) 40.0% Recurring Net Income 3,074 4.0% 2,868 11.5% 3,198 Recurring Return on Average Allocated Capital 33.0% 33.0% 0 bps 31.1% 190 bps Efficiency Ratio (ER) 50.4% 51.0% -50 bps 53.2% -280 bps Risk-Adjusted Efficiency Ratio (RAER) 72.4% 72.4% 0 bps 71.9% 40 bps Loan Portfolio (R$ billion) Number of Clients in the Retail Banking Segment highlight (in millions) iti, a payment platform for Itaú clients +3.2% and non-clients +15.2% · For those who pay: no monthly fees, 259.0 51.1 50.6 49.9 49.2 251.0 48.5 withdrawals and transfers free of charge 243.6 until the end of the year and benefits from 230.5 224.9 a network of partners. For those who receive: 1% fee for credit or debit card transactions, no monthly fees, no need to Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 use any machine and payments received Jun-18 Sep-18 Dec-18 Mar-19 May-19 at the time with zero prepayment cost. Digital Transformation in the Retail Banking 1 Use of Digital Channels Share of Transactions Share of Retail Operating Revenues number of current account holders through digital channels* (in millions) 1H17 1H19 11.9 Efficiency Ratio 10.3 28% 32% of branches in the 1H19 9.1 Credit 17% 20% 25% Digital Investments 37% 46% 72% 68% 67% Brick-and 1.1 1.2 1.0 Payments 66% 81% - Mortar Jun-17 Jun-18 Jun-19 1H17 1H19 Individuals Companies Digital Branches * Note: Share of digital channels in the total volume (R$) Brick-and-Mortar Branches ¹ Internet, mobile and SMS on Retail Bank. of transactions in the Retail Bank segment. Itaú Unibanco Holding S.A. 27 Management Discussion and A nal ysis Segment Analysis Results by Business Segment The Pro Forma financial statements of Retail Banking, Wholesale Banking and Activities with the Market + Corporation presented below are based on managerial information derived from internal models to more accurately reflect the activities of the business units. Retail Banking Retail banking products and services offered to both current account and non-current account holders include: personal loans, mortgage loans, payroll loans, credit cards, acquiring services, vehicle financing, insurance, pension plan and premium bond products, among others. Current account holders are segmented into: (i) Retail, (ii) Uniclass, (iii) Personnalité and (iv) Very small and small companies. Highlights · The 8.2% increase in the financial margin with clients in the quarter was partially offset by higher non-interest expenses and the increase in the provision for loan losses. · Compared to the second quarter of 2018, the increase in financial margin with clients in the quarter more than offset the increase in provision for loan losses and higher non-interest expenses. 2Q19 1Q19 Δ 2Q18 Δ In R$ millions Operating Revenues 19 ,477 18,569 4.9% 18,112 7.5% Managerial Financial Margin 11,529 10,653 8.2% 10,072 14.5% Commissions and Fees 6,224 6,212 0.2% 6,236 -0.2% Revenues from Insurance, Pension Plans and Premium Bonds Operations before 1,724 1,704 1.1% 1,803 -4.4% Retained Claims and Selling Expenses Cost of Credit (3,940) (3,664) 7.5% (3,111) 26.6% Retained Claims (282) (288) -2.3% (317) -11.1% Other Operating Expenses (10,289) (9,902) 3.9% (10,025) 2.6% Income before Tax and Minority Interests 4,966 4,715 5.3% 4,659 6.6% Income Tax and Social Contribution (1,708) (1,586) 7.7% (1,747) -2.2% Minority Interests in Subsidiaries (60) (54) 11.2% (43) 40.0% Recurring Net Income 3,074 4.0% 2,868 11.5% 3,198 Recurring Return on Average Allocated Capital 33.0% 33.0% 0 bps 31.1% 190 bps Efficiency Ratio (ER) 50.4% 51.0% -50 bps 53.2% -280 bps Risk-Adjusted Efficiency Ratio (RAER) 72.4% 72.4% 0 bps 71.9% 40 bps Loan Portfolio (R$ billion) Number of Clients in the Retail Banking Segment highlight (in millions) iti, a payment platform for Itaú clients +3.2% and non-clients +15.2% · For those who pay: no monthly fees, 259.0 51.1 50.6 49.9 49.2 251.0 48.5 withdrawals and transfers free of charge 243.6 until the end of the year and benefits from 230.5 224.9 a network of partners. For those who receive: 1% fee for credit or debit card transactions, no monthly fees, no need to Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 use any machine and payments received Jun-18 Sep-18 Dec-18 Mar-19 May-19 at the time with zero prepayment cost. Digital Transformation in the Retail Banking 1 Use of Digital Channels Share of Transactions Share of Retail Operating Revenues number of current account holders through digital channels* (in millions) 1H17 1H19 11.9 Efficiency Ratio 10.3 28% 32% of branches in the 1H19 9.1 Credit 17% 20% 25% Digital Investments 37% 46% 72% 68% 67% Brick-and 1.1 1.2 1.0 Payments 66% 81% - Mortar Jun-17 Jun-18 Jun-19 1H17 1H19 Individuals Companies Digital Branches * Note: Share of digital channels in the total volume (R$) Brick-and-Mortar Branches ¹ Internet, mobile and SMS on Retail Bank. of transactions in the Retail Bank segment. Itaú Unibanco Holding S.A. 27

Management Discussion and A nal ysis Segment Analysis Results by Business Segment Wholesale Banking Wholesale Banking comprises: i) the activities of Itaú BBA, the unit responsible for commercial operations with large companies and for investment banking services, ii) the activities of our units abroad, iii) the Itaú Asset Management, specialized asset manager, and iv) the products and services offered to high-net worth clients (Private Banking), middle market companies and institutional clients. Highlights · Net income in the Wholesale Banking segment grew by 3.2% from the last quarter due to higher revenues from fund management fees and advisory services. · Compared to the second quarter of 2018, the decrease in the provision for loan losses and the higher revenues from fund management fees contributed to the 17.0% growth in recurring net income. 2Q19 1Q19 Δ 2Q18 Δ In R$ millions Operating Revenues 7,506 7,113 5.5% 7,454 0.7% Managerial Financial Margin 4,728 4,602 2.7% 4,821 -1.9% Commissions and Fees 2,666 2,366 12.7% 2,470 7.9% Revenues from Insurance, Pension Plans and Premium Bonds Operations before 113 145 -22.2% 163 -31.1% Retained Claims and Selling Expenses Cost of Credit (105) (139) -24.7% (490) -78.6% Retained Claims (15) (11) 41.8% (18) -14.9% Other Operating Expenses (3,799) (3,653) 4.0% (3,754) 1.2% Income before Tax and Minority Interests 3,587 3,311 8.4% 3,192 12.4% Income Tax and Social Contribution (1,076) (937) 14.8% (996) 8.1% Minority Interests in Subsidiaries (202) (135) 49.5% (222) -9.3% Recurring Net Income 2,309 2,238 3.2% 1,973 17.0% Recurring Return on Average Allocated Capital 20.8% 19.7% 110 bps 15.6% 520 bps Efficiency Ratio (ER) 48.3% 49.1% -80 bps 48.0% 20 bps 49.7% 51.2% 55.0% Risk-Adjusted Efficiency Ratio (RAER) -140 bps -520 bps Loan Portfolio (R$ billions) Assets under management -ANBIMA ranking (R$ billions) +0.4% 14.6% 14.6% 14.7% 14.4% 14.0% +0.1% 293.6 300.0 293.9 288.9 292.7 707.6 686.5 680.6 652.5 632.4 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Assets under management (Itaú Unibanco e Intrag) Market share Activities with the Market + Corporation Includes: (i) result from capital surplus, excess subordinated debt and the net balance of tax assets and liabilities; (ii) financial margin with the market; (iii) costs of Treasury operations and (iv) the equity pickup from companies not linked to each segment. 2Q19 1Q19 Δ 2Q18 Δ In R$ millions Operating Revenues 2,509 2,525 -0.6% 2,454 2.2% Managerial Financial Margin 2,194 2,413 -9.1% 2,402 -8.7% Commissions and Fees 174 43 302.4% 20 786.3% Revenues from Insurance, Pension Plans and Premium Bonds Operations before 141 68 106.3% 33 332.3% Retained Claims and Selling Expenses Cost of Credit (0) (0) 658.4% 1 -102.1% Other Operating Expenses (344) (287) 19.8% (155) 122.1% Income before Tax and Minority Interests 2,165 2,238 -3.3% 2,300 -5.9% Income Tax and Social Contribution (623) (665) -6.3% (753) -17.2% Minority Interests in Subsidiaries (15) (9 ) 62.8% (8) 89.8% Recurring Net Income 1,527 1,564 -2.3% 1,540 -0.8% Recurring Return on Average Allocated Capital 16.8% 18.4% -160 bps 20.0% -320 bps Efficiency Ratio (ER) 7.1% 4.9% 210 bps 1.2% 590 bps Risk-Adjusted Efficiency Ratio (RAER) 7.1% 4.9% 210 bps 1.1% 590 bps Itaú Unibanco Holding S.A. 28 Management Discussion and A nal ysis Segment Analysis Results by Business Segment Wholesale Banking Wholesale Banking comprises: i) the activities of Itaú BBA, the unit responsible for commercial operations with large companies and for investment banking services, ii) the activities of our units abroad, iii) the Itaú Asset Management, specialized asset manager, and iv) the products and services offered to high-net worth clients (Private Banking), middle market companies and institutional clients. Highlights · Net income in the Wholesale Banking segment grew by 3.2% from the last quarter due to higher revenues from fund management fees and advisory services. · Compared to the second quarter of 2018, the decrease in the provision for loan losses and the higher revenues from fund management fees contributed to the 17.0% growth in recurring net income. 2Q19 1Q19 Δ 2Q18 Δ In R$ millions Operating Revenues 7,506 7,113 5.5% 7,454 0.7% Managerial Financial Margin 4,728 4,602 2.7% 4,821 -1.9% Commissions and Fees 2,666 2,366 12.7% 2,470 7.9% Revenues from Insurance, Pension Plans and Premium Bonds Operations before 113 145 -22.2% 163 -31.1% Retained Claims and Selling Expenses Cost of Credit (105) (139) -24.7% (490) -78.6% Retained Claims (15) (11) 41.8% (18) -14.9% Other Operating Expenses (3,799) (3,653) 4.0% (3,754) 1.2% Income before Tax and Minority Interests 3,587 3,311 8.4% 3,192 12.4% Income Tax and Social Contribution (1,076) (937) 14.8% (996) 8.1% Minority Interests in Subsidiaries (202) (135) 49.5% (222) -9.3% Recurring Net Income 2,309 2,238 3.2% 1,973 17.0% Recurring Return on Average Allocated Capital 20.8% 19.7% 110 bps 15.6% 520 bps Efficiency Ratio (ER) 48.3% 49.1% -80 bps 48.0% 20 bps 49.7% 51.2% 55.0% Risk-Adjusted Efficiency Ratio (RAER) -140 bps -520 bps Loan Portfolio (R$ billions) Assets under management -ANBIMA ranking (R$ billions) +0.4% 14.6% 14.6% 14.7% 14.4% 14.0% +0.1% 293.6 300.0 293.9 288.9 292.7 707.6 686.5 680.6 652.5 632.4 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Assets under management (Itaú Unibanco e Intrag) Market share Activities with the Market + Corporation Includes: (i) result from capital surplus, excess subordinated debt and the net balance of tax assets and liabilities; (ii) financial margin with the market; (iii) costs of Treasury operations and (iv) the equity pickup from companies not linked to each segment. 2Q19 1Q19 Δ 2Q18 Δ In R$ millions Operating Revenues 2,509 2,525 -0.6% 2,454 2.2% Managerial Financial Margin 2,194 2,413 -9.1% 2,402 -8.7% Commissions and Fees 174 43 302.4% 20 786.3% Revenues from Insurance, Pension Plans and Premium Bonds Operations before 141 68 106.3% 33 332.3% Retained Claims and Selling Expenses Cost of Credit (0) (0) 658.4% 1 -102.1% Other Operating Expenses (344) (287) 19.8% (155) 122.1% Income before Tax and Minority Interests 2,165 2,238 -3.3% 2,300 -5.9% Income Tax and Social Contribution (623) (665) -6.3% (753) -17.2% Minority Interests in Subsidiaries (15) (9 ) 62.8% (8) 89.8% Recurring Net Income 1,527 1,564 -2.3% 1,540 -0.8% Recurring Return on Average Allocated Capital 16.8% 18.4% -160 bps 20.0% -320 bps Efficiency Ratio (ER) 7.1% 4.9% 210 bps 1.2% 590 bps Risk-Adjusted Efficiency Ratio (RAER) 7.1% 4.9% 210 bps 1.1% 590 bps Itaú Unibanco Holding S.A. 28

Management Discussion & Analysis Activities Abroad Results by Region (Brazil and Latin America) We present below the income statement segregated between our operations in Brazil, which include units abroad excluding Latin America, and our operations in Latin America excluding Brazil. Quarterly Income Statement Half-year Income Statement Brazil 1 (In R$ millions, end of period) 2Q19 1Q19 1H19 1H18 DD Operating Revenues 26,486 25,347 4.5% 51,833 50,014 3.6% Managerial Financial Margin 16,209 15,574 4.1% 31,783 30,328 4.8% Financial Margin with Clients 15,128 14,656 3.2% 29,784 28,012 6.3% Financial Margin with the Market 1,081 918 17.9% 1,999 2,316 -13.7% Commissions and Fees 8,328 7,890 5.5% 16,217 15,865 2.2% Revenues from Insurance ² 1,949 1,883 3.5% 3,833 3,821 0.3% Cost of Credit (3,571) (3,352) 6.5% (6,923) (6,350) 9.0% Provision for Loan Losses (3,839) (3,717) 3.3% (7,556) (7,207) 4.8% Impairment (43) (30) 43.4% (72) (188) -61.6% Discounts Granted (382) (280) 36.7% (662) (554) 19.5% Recovery of Loans Written Off as Losses 693 675 2.7% 1,367 1,599 -14.5% Retained Claims (286) (289) -1.2% (575) (580) -0.9% Other Operating Expenses (12,657) (12,128) 4.4% (24,785) (23,938) 3.5% Non-interest Expenses (10,930) (10,483) 4.3% (21,413) (20,605) 3.9% Tax Expenses and Other ³ (1,727) (1,645) 5.0% (3,372) (3,333) 1.2% Income before Tax and Minority Interests 9,973 9,578 4.1% 19,550 19,146 2.1% Income Tax and Social Contribution (3,236) (3,007) 7.6% (6,243) (6,754) -7.6% Minority Interests in Subsidiaries (75) (63) 18.5% (138) (104) 32.6% Recurring Net Income 6,662 6,507 2.4% ## 13,170 12,287 7.2% Share 94.7% 94.6% 10 bps 94.7% 96.0% -130 bps Recurring Return on Average Allocated Capital 24.6% 24.8% -20 bps 24.8% 23.3% 150 bps Quarterly Income Statement Half-year Income Statement Latin America (ex-Brazil) (In R$ millions, end of period) 2Q19 1Q19D 1H19 1H18D Operating Revenues 3,006 2,861 5.1% 5,867 5,433 8.0% Managerial Financial Margin 2,242 2,094 7.0% 4,336 3,966 9.3% Financial Margin with Clients 1,751 1,768 -1.0% 3,519 3,202 9.9% Financial Margin with the Market 491 326 50.5% 817 764 7.0% Commissions and Fees 736 732 0.5% 1,467 1,390 5.6% Revenues from Insurance ² 29 34 -16.8% 63 77 -17.8% Cost of Credit (473) (452) 4.8% (925) (1,038) -10.9% Provision for Loan Losses (568) (489) 16.3% (1,057) (1,175) -10.0% Discounts Granted (8) (29) -73.1% (36) (4) 799.4% Recovery of Loans Written Off as Losses 102 66 55.6% 168 141 19.4% Retained Claims (12) (10) 12.5% (22) (35) -37.4% Other Operating Expenses (1,775) (1,713) 3.6% (3,489) (3,378) 3.3% Non-interest Expenses (1,739) (1,667) 4.4% (3,406) (3,332) 2.2% Tax Expenses and Other ³ (36) (47) -22.4% (83) (46) 81.9% Income before Tax and Minority Interests 746 685 8.8% 1,431 982 45.7% Income Tax and Social Contribution (172) (181) -4.8% (353) (203) 73.9% Minority Interests in Subsidiaries (202) (135) 49.5% (337) (265) 27.1% Recurring Net Income 372 369 0.6% ## 741 514 44.2% Share 5.3% 5.4% -10 bps 5.3% 4.0% 130 bps Recurring Return on Average Allocated Capital 13.1% 12.6% 60 bps 12.7% 9.3% 340 bps (1) Includes units abroad ex-Latin America. (2) Result from Insurance includes the Revenues from Insurance, Pension Plan and Premium Bonds Operations before Retained Claims and Selling Expenses. (3) Include Tax Expenses (ISS, PIS, COFINS and other) and Insurance Selling Expenses. Note: Latin America information is presented in nominal currency. Itaú Unibanco Holding S.A. 29 Management Discussion & Analysis Activities Abroad Results by Region (Brazil and Latin America) We present below the income statement segregated between our operations in Brazil, which include units abroad excluding Latin America, and our operations in Latin America excluding Brazil. Quarterly Income Statement Half-year Income Statement Brazil 1 (In R$ millions, end of period) 2Q19 1Q19 1H19 1H18 DD Operating Revenues 26,486 25,347 4.5% 51,833 50,014 3.6% Managerial Financial Margin 16,209 15,574 4.1% 31,783 30,328 4.8% Financial Margin with Clients 15,128 14,656 3.2% 29,784 28,012 6.3% Financial Margin with the Market 1,081 918 17.9% 1,999 2,316 -13.7% Commissions and Fees 8,328 7,890 5.5% 16,217 15,865 2.2% Revenues from Insurance ² 1,949 1,883 3.5% 3,833 3,821 0.3% Cost of Credit (3,571) (3,352) 6.5% (6,923) (6,350) 9.0% Provision for Loan Losses (3,839) (3,717) 3.3% (7,556) (7,207) 4.8% Impairment (43) (30) 43.4% (72) (188) -61.6% Discounts Granted (382) (280) 36.7% (662) (554) 19.5% Recovery of Loans Written Off as Losses 693 675 2.7% 1,367 1,599 -14.5% Retained Claims (286) (289) -1.2% (575) (580) -0.9% Other Operating Expenses (12,657) (12,128) 4.4% (24,785) (23,938) 3.5% Non-interest Expenses (10,930) (10,483) 4.3% (21,413) (20,605) 3.9% Tax Expenses and Other ³ (1,727) (1,645) 5.0% (3,372) (3,333) 1.2% Income before Tax and Minority Interests 9,973 9,578 4.1% 19,550 19,146 2.1% Income Tax and Social Contribution (3,236) (3,007) 7.6% (6,243) (6,754) -7.6% Minority Interests in Subsidiaries (75) (63) 18.5% (138) (104) 32.6% Recurring Net Income 6,662 6,507 2.4% ## 13,170 12,287 7.2% Share 94.7% 94.6% 10 bps 94.7% 96.0% -130 bps Recurring Return on Average Allocated Capital 24.6% 24.8% -20 bps 24.8% 23.3% 150 bps Quarterly Income Statement Half-year Income Statement Latin America (ex-Brazil) (In R$ millions, end of period) 2Q19 1Q19D 1H19 1H18D Operating Revenues 3,006 2,861 5.1% 5,867 5,433 8.0% Managerial Financial Margin 2,242 2,094 7.0% 4,336 3,966 9.3% Financial Margin with Clients 1,751 1,768 -1.0% 3,519 3,202 9.9% Financial Margin with the Market 491 326 50.5% 817 764 7.0% Commissions and Fees 736 732 0.5% 1,467 1,390 5.6% Revenues from Insurance ² 29 34 -16.8% 63 77 -17.8% Cost of Credit (473) (452) 4.8% (925) (1,038) -10.9% Provision for Loan Losses (568) (489) 16.3% (1,057) (1,175) -10.0% Discounts Granted (8) (29) -73.1% (36) (4) 799.4% Recovery of Loans Written Off as Losses 102 66 55.6% 168 141 19.4% Retained Claims (12) (10) 12.5% (22) (35) -37.4% Other Operating Expenses (1,775) (1,713) 3.6% (3,489) (3,378) 3.3% Non-interest Expenses (1,739) (1,667) 4.4% (3,406) (3,332) 2.2% Tax Expenses and Other ³ (36) (47) -22.4% (83) (46) 81.9% Income before Tax and Minority Interests 746 685 8.8% 1,431 982 45.7% Income Tax and Social Contribution (172) (181) -4.8% (353) (203) 73.9% Minority Interests in Subsidiaries (202) (135) 49.5% (337) (265) 27.1% Recurring Net Income 372 369 0.6% ## 741 514 44.2% Share 5.3% 5.4% -10 bps 5.3% 4.0% 130 bps Recurring Return on Average Allocated Capital 13.1% 12.6% 60 bps 12.7% 9.3% 340 bps (1) Includes units abroad ex-Latin America. (2) Result from Insurance includes the Revenues from Insurance, Pension Plan and Premium Bonds Operations before Retained Claims and Selling Expenses. (3) Include Tax Expenses (ISS, PIS, COFINS and other) and Insurance Selling Expenses. Note: Latin America information is presented in nominal currency. Itaú Unibanco Holding S.A. 29

Management Discussion & Analysis Activities Abroad Global Footprint We want to achieve, in the countries where we operate, the same management quality and level of results we have in Brazil. Through our internationalization strategy, we seek to understand different markets, business, products and services, identifying opportunities to integrate our units and to expand our operations to new countries. 1 Corporate & Investment Banking 2 Asset Management 3 Private Banking 4 Retail Our business abroad focuses on activities: 1 France 1 Germany 1,2 England 1 Luxembourg 1 Spain 3 1,2 Switzerland Japan 1 Portugal 1,2,3 USA 1,2 1,2,3 1,2 Mexico Dubai Hong Kong Cayman 1,3 1,4 Bahamas Panama 1,4 Colombia 1,2,3,4 Brazil 1 Peru 1,3,4 Paraguay 1,4 1,2,3,4 Uruguay Chile 1,2,4 Argentina 1 2 Paraguay Colombia Other Countries Total Countries Uruguay Chile Argentina Latin America 854 Employees 1,112 5,663 1,680 3,429 12,738 547 98,446 44 Branches & CSBs 26 194 85 159 508 - 4,722 298 ATMs 60 464 176 169 1,167 - 47,505 (1) Includes employees in Panamá; (2) Latin America ex-Brazil (Argentina, Chile, Colombia, Paraguay and Uruguay). Focus on Latin America Key strategic drivers for 2019 We want to be recognized as the Bank of Latin America. Over the past years, Growth Efficiency we have consolidated our presence in · Expand our presence and customer base. · Continuously increase the efficiency of our Argentina, Chile, Paraguay and Uruguay, operations. · Focus on retail banking operations. and intensified our internationalization · Detail the cost allocation model for the process in Latin America. Customer centricity product level. · Continuous focus and discipline in · Segmentation model with well-defined The recent merger between Banco Itaú identifying cost reduction opportunities value proposition identity. Chile and CorpBanca ensured a greater across the institution. · Product development and service culture focused on customer satisfaction and presence in countries such as Colombia Generation of capital long-term relationships. and Panama and further expanded our · Efficient management of capital allocation operations in the region. Digital transformation through the appropriate cost of capital. · Metrics and value creation tools as the · Culture of innovation and transformation. Not only to gain access to new markets and driver throughout the organization. · Efficiency and better user experience. scale up our business, but also to think of our customers, to be closer to them and to provide better experiences. Itaú CorpBanca Itaú CorpBanca is a universal bank with headquarters in Chile and operations in Colombia and Panama. Access Itaú Corpbanca’s Investor Relations website . Itaú Unibanco Holding S.A. 30 Management Discussion & Analysis Activities Abroad Global Footprint We want to achieve, in the countries where we operate, the same management quality and level of results we have in Brazil. Through our internationalization strategy, we seek to understand different markets, business, products and services, identifying opportunities to integrate our units and to expand our operations to new countries. 1 Corporate & Investment Banking 2 Asset Management 3 Private Banking 4 Retail Our business abroad focuses on activities: 1 France 1 Germany 1,2 England 1 Luxembourg 1 Spain 3 1,2 Switzerland Japan 1 Portugal 1,2,3 USA 1,2 1,2,3 1,2 Mexico Dubai Hong Kong Cayman 1,3 1,4 Bahamas Panama 1,4 Colombia 1,2,3,4 Brazil 1 Peru 1,3,4 Paraguay 1,4 1,2,3,4 Uruguay Chile 1,2,4 Argentina 1 2 Paraguay Colombia Other Countries Total Countries Uruguay Chile Argentina Latin America 854 Employees 1,112 5,663 1,680 3,429 12,738 547 98,446 44 Branches & CSBs 26 194 85 159 508 - 4,722 298 ATMs 60 464 176 169 1,167 - 47,505 (1) Includes employees in Panamá; (2) Latin America ex-Brazil (Argentina, Chile, Colombia, Paraguay and Uruguay). Focus on Latin America Key strategic drivers for 2019 We want to be recognized as the Bank of Latin America. Over the past years, Growth Efficiency we have consolidated our presence in · Expand our presence and customer base. · Continuously increase the efficiency of our Argentina, Chile, Paraguay and Uruguay, operations. · Focus on retail banking operations. and intensified our internationalization · Detail the cost allocation model for the process in Latin America. Customer centricity product level. · Continuous focus and discipline in · Segmentation model with well-defined The recent merger between Banco Itaú identifying cost reduction opportunities value proposition identity. Chile and CorpBanca ensured a greater across the institution. · Product development and service culture focused on customer satisfaction and presence in countries such as Colombia Generation of capital long-term relationships. and Panama and further expanded our · Efficient management of capital allocation operations in the region. Digital transformation through the appropriate cost of capital. · Metrics and value creation tools as the · Culture of innovation and transformation. Not only to gain access to new markets and driver throughout the organization. · Efficiency and better user experience. scale up our business, but also to think of our customers, to be closer to them and to provide better experiences. Itaú CorpBanca Itaú CorpBanca is a universal bank with headquarters in Chile and operations in Colombia and Panama. Access Itaú Corpbanca’s Investor Relations website . Itaú Unibanco Holding S.A. 30

Management Discussion & Analysis Activities Abroad Latin America Latin America is our priority in international expansion due to the geographical and cultural proximity of its countries with Brazil. In the second quarter of 2019, Latam's consolidated recurring net income reached R$372 million, an increase of 0.6% in relation to the previous quarter. We present the results of the Latin American countries in constant currency, thus eliminating the effect of exchange rate variation and hedge adjustments, and in the managerial concept, which considers Brazilian accounting criteria, in addition to the allocation of Brazil’s cost structure, the impact of Brazilian income tax and social contribution and the allocation of the tax benefit of interest on own capital. Banco Banco Banco Banco Itaú Corpbanca Itaú Argentina Itaú Paraguay Itaú Uruguay In R$ millions (in constant currency) 2Q19 1Q19D 2Q19 1Q19D 2Q19 1Q19D 2Q19 1Q19D Operating Revenues 1,684 1,557 8% 395 416 -5% 243 240 1% 424 414 2% Managerial Financial Margin 1,324 1,194 11% 311 343 -9% 165 166 -1% 231 222 4% Financial Margin with Clients 1 ,076 1,106 -3% 275 288 -4% 145 128 14% 202 192 5% Financial Margin with the Market 249 88 183% 36 5 6 -35% 19 38 -49% 28 3 0 -5% Commissions and Fees 359 364 -1% 83 73 15% 79 75 5% 193 192 0% Cost of Credit (285) ( 271) 5% (38) (124) -70% (19) (30) -36% (32) (23) 40% Provision for Loan Losses 16% -66% -19% 44% (368) ( 319) (38) (111) (26) (32) (34) (24) Discounts Granted -52% - 0% (7 ) (15) 0 (13) - - - - - Recovery of Loans Written Off as Losses 90 62 45% 1 0 73% 7 1 348% 2 1 222% Other Operating Expenses (1,073) ( 1,024) 5% (231) (204) 13% (120) (114) 5% (264) (260) 1% 5% 15% 5% 2% Non-Interest Expenses (1,069) (1,020) ( 209) (181) (120) (114) (263) (259) -11% -4% - Tax Expenses for ISS, PIS, Cofins and Other Taxes (3) (4) (22) (23) (0 ) (1) (0) (1) - Income before Tax and Minority Interests 326 262 24% 126 8 7 45% 104 96 9% 128 131 -3% Income Tax and Social Contribution (45) (52) -12% (41) (24) 71% (36) (32) 13% (44) (45) -2% Minority Interests in Subsidiaries ¹ (197) ( 132) 49% - - - - - - - - - Recurring Net Income 84 78 7% 85 63 35% 68 64 6% 84 8 6 -3% Return on Average Equity - Annualized 5.3% 5.0% 40 bps 23.3% 17.2% 610 bps 27.0% 23.6% 340 bps 24.4% 26.4% -200 bps Efficiency Ratio 63.7% 65.7% -200 bps 56.0% 46.1% 990 bps 49.2% 47.4% 180 bps 62.1% 62.7% -50 bps (1) Minority interests are calculated based on the accounting result of the transaction in BRGAAP. Banco Itaú Corpbanca Banco Itaú Argentina · Higher margin with the market from greater gains in asset · Lower margin with the market due to lower gains in asset and liability management. and liability management. · Higher cost of credit due to the increase in the provision · Lower margin with customers due to the one-off result in for financial guarantees in the Corporate segment. This commercial operations in the first quarter of 2019, which increase was partially offset by the higher recovery of loans was partially offset by the higher margin with demand written off as losses in Chile. deposits. · Lower cost of credit due to the impact of customer downgrade in the Corporate segment that occurred in the first quarter of 2019. Banco Itaú Paraguay Banco Itaú Uruguay · Lower cost of credit due to customer downgrade in the · Higher margin with clients, due to the higher volume of Middle Market segment occurred in the first quarter of 2019. deposits and higher funding spread. · Higher cost of credit due to downgrade of customers in the Small, Medium and Corporate segments. Itaú Unibanco Holding S.A. 31 Management Discussion & Analysis Activities Abroad Latin America Latin America is our priority in international expansion due to the geographical and cultural proximity of its countries with Brazil. In the second quarter of 2019, Latam's consolidated recurring net income reached R$372 million, an increase of 0.6% in relation to the previous quarter. We present the results of the Latin American countries in constant currency, thus eliminating the effect of exchange rate variation and hedge adjustments, and in the managerial concept, which considers Brazilian accounting criteria, in addition to the allocation of Brazil’s cost structure, the impact of Brazilian income tax and social contribution and the allocation of the tax benefit of interest on own capital. Banco Banco Banco Banco Itaú Corpbanca Itaú Argentina Itaú Paraguay Itaú Uruguay In R$ millions (in constant currency) 2Q19 1Q19D 2Q19 1Q19D 2Q19 1Q19D 2Q19 1Q19D Operating Revenues 1,684 1,557 8% 395 416 -5% 243 240 1% 424 414 2% Managerial Financial Margin 1,324 1,194 11% 311 343 -9% 165 166 -1% 231 222 4% Financial Margin with Clients 1 ,076 1,106 -3% 275 288 -4% 145 128 14% 202 192 5% Financial Margin with the Market 249 88 183% 36 5 6 -35% 19 38 -49% 28 3 0 -5% Commissions and Fees 359 364 -1% 83 73 15% 79 75 5% 193 192 0% Cost of Credit (285) ( 271) 5% (38) (124) -70% (19) (30) -36% (32) (23) 40% Provision for Loan Losses 16% -66% -19% 44% (368) ( 319) (38) (111) (26) (32) (34) (24) Discounts Granted -52% - 0% (7 ) (15) 0 (13) - - - - - Recovery of Loans Written Off as Losses 90 62 45% 1 0 73% 7 1 348% 2 1 222% Other Operating Expenses (1,073) ( 1,024) 5% (231) (204) 13% (120) (114) 5% (264) (260) 1% 5% 15% 5% 2% Non-Interest Expenses (1,069) (1,020) ( 209) (181) (120) (114) (263) (259) -11% -4% - Tax Expenses for ISS, PIS, Cofins and Other Taxes (3) (4) (22) (23) (0 ) (1) (0) (1) - Income before Tax and Minority Interests 326 262 24% 126 8 7 45% 104 96 9% 128 131 -3% Income Tax and Social Contribution (45) (52) -12% (41) (24) 71% (36) (32) 13% (44) (45) -2% Minority Interests in Subsidiaries ¹ (197) ( 132) 49% - - - - - - - - - Recurring Net Income 84 78 7% 85 63 35% 68 64 6% 84 8 6 -3% Return on Average Equity - Annualized 5.3% 5.0% 40 bps 23.3% 17.2% 610 bps 27.0% 23.6% 340 bps 24.4% 26.4% -200 bps Efficiency Ratio 63.7% 65.7% -200 bps 56.0% 46.1% 990 bps 49.2% 47.4% 180 bps 62.1% 62.7% -50 bps (1) Minority interests are calculated based on the accounting result of the transaction in BRGAAP. Banco Itaú Corpbanca Banco Itaú Argentina · Higher margin with the market from greater gains in asset · Lower margin with the market due to lower gains in asset and liability management. and liability management. · Higher cost of credit due to the increase in the provision · Lower margin with customers due to the one-off result in for financial guarantees in the Corporate segment. This commercial operations in the first quarter of 2019, which increase was partially offset by the higher recovery of loans was partially offset by the higher margin with demand written off as losses in Chile. deposits. · Lower cost of credit due to the impact of customer downgrade in the Corporate segment that occurred in the first quarter of 2019. Banco Itaú Paraguay Banco Itaú Uruguay · Lower cost of credit due to customer downgrade in the · Higher margin with clients, due to the higher volume of Middle Market segment occurred in the first quarter of 2019. deposits and higher funding spread. · Higher cost of credit due to downgrade of customers in the Small, Medium and Corporate segments. Itaú Unibanco Holding S.A. 31

Additional Information Management Discussion & Analysis and Complete Financial Statements Additional Information Management Discussion & Analysis and Complete Financial Statements

Management Discussion & Analysis Itaú Unibanco Shares Itaú Unibanco Shares Our capital stock is comprised of common Market Capitalization Market Consensus (ITUB4) shares (ITUB3) and non-voting shares R$354 billion US$92 billion Sell Buy (ITUB4), both traded on B3 (São Paulo Stock Exchange). Non-voting shares are also Market capitalization is the total number of outstanding shares (common and non-voting shares) multiplied by the average price traded as depositary receipts - ADRs - on Buy 09 Hold 06 Sell 00 of the non-voting share on the last trading day in the period. the NYSE (New York Stock Exchange). Source: Thomson Reuters Corporate Structure Chart and Free Float Participation Non Voting Shares Egydio de Souza Moreira Salles Family Strengths of our structure Free Float* Free Float Aranha Family 100.00% Total Foreigners Brazilian Investors in B3 in NYSE · Family controlling ownership ensuring a 36.73% ON 63.27% ON 34% 28% 81.42% PN 18.58% PN Cia. E. Johnston de long-term view 66.06% Total 33.94% Total 4.8 bn Participações (number of shares) 38%· Professional management team 50.00% ON Foreigners 33.47% Total in B3 · Broad shareholder base 50.00% ON (52.88% of our shares in free float) Itaúsa 100.00% PN IUPAR Free Float* 66.53% Total 7.82% ON 39.21% ON 51.71% ON · Strong corporate governance 99.59% PN 0.004% PN 26.32% Total 52.88% Total 19.95% Total Itaú Unibanco Holding S.A. Note: ON = Common Share; PN = Non-voting Share; (*) Excluding shares held by majority owners and treasury shares. Performance in the Capital Market (R$) (R$) (US$) ITUB4 ITUB3 ITUB Price and Volume (PN Shares) (ON Shares) (ADR) Closing Price at 06/28/2019 36.26 31.13 9.42 Maximum price in the quarter 36.59 31.26 9.53 Average price in the quarter 33.82 29.28 8.65 Minimum price in the quarter 31.11 27.19 7.59 Closing Price at 03/29/2019 34.43 29.85 8.81 Closing price at 06/29/2018 26.89 23.93 6.92 Change in the 2Q19 5.3% 4.3% 6.9% Change in the last 12 months 34.8% 30.1% 36.1% Average Daily Trading Volume in 2Q19 - million 647.7 8.5 157.0 Average daily trading financial volume in 12 months - million 677.2 10.4 173.5 Shareholder Base and Indicators 06/30/19 03/31/19 06/30/18 Number of Shares - million 9,804 9,804 9,804 Common Shares (ON) - million 4,958 4,958 4,958 Non-Voting Shares (PN) - million 4,846 4 ,846 4,846 Treasury Shares - million 60.9 61.3 90.9 Number of Outstanding Shares - million 9,743 9,743 9,713 Recurring Net Income per Share in the Quarter (R$) 0.72 0.71 0.66 Net Income per Share in the Quarter (R$) 0.70 0.69 0.64 Book Value per Share (R$) 12.91 12.30 12.54 (1) 13.57 13.17 10.72 Price/Earnings (P/E) (2) 2.81 2.80 2.15 Price/Book Value (P/B) (1) (2) Closing price of non-voting shares at end of the period/earnings per share. For calculation purposes, the retained earnings of the last 12 months were included; Closing price of non-voting shares at end of the period/Book value per share at end of the period. Itaú Unibanco Holding S.A. 33 Management Discussion & Analysis Itaú Unibanco Shares Itaú Unibanco Shares Our capital stock is comprised of common Market Capitalization Market Consensus (ITUB4) shares (ITUB3) and non-voting shares R$354 billion US$92 billion Sell Buy (ITUB4), both traded on B3 (São Paulo Stock Exchange). Non-voting shares are also Market capitalization is the total number of outstanding shares (common and non-voting shares) multiplied by the average price traded as depositary receipts - ADRs - on Buy 09 Hold 06 Sell 00 of the non-voting share on the last trading day in the period. the NYSE (New York Stock Exchange). Source: Thomson Reuters Corporate Structure Chart and Free Float Participation Non Voting Shares Egydio de Souza Moreira Salles Family Strengths of our structure Free Float* Free Float Aranha Family 100.00% Total Foreigners Brazilian Investors in B3 in NYSE · Family controlling ownership ensuring a 36.73% ON 63.27% ON 34% 28% 81.42% PN 18.58% PN Cia. E. Johnston de long-term view 66.06% Total 33.94% Total 4.8 bn Participações (number of shares) 38%· Professional management team 50.00% ON Foreigners 33.47% Total in B3 · Broad shareholder base 50.00% ON (52.88% of our shares in free float) Itaúsa 100.00% PN IUPAR Free Float* 66.53% Total 7.82% ON 39.21% ON 51.71% ON · Strong corporate governance 99.59% PN 0.004% PN 26.32% Total 52.88% Total 19.95% Total Itaú Unibanco Holding S.A. Note: ON = Common Share; PN = Non-voting Share; (*) Excluding shares held by majority owners and treasury shares. Performance in the Capital Market (R$) (R$) (US$) ITUB4 ITUB3 ITUB Price and Volume (PN Shares) (ON Shares) (ADR) Closing Price at 06/28/2019 36.26 31.13 9.42 Maximum price in the quarter 36.59 31.26 9.53 Average price in the quarter 33.82 29.28 8.65 Minimum price in the quarter 31.11 27.19 7.59 Closing Price at 03/29/2019 34.43 29.85 8.81 Closing price at 06/29/2018 26.89 23.93 6.92 Change in the 2Q19 5.3% 4.3% 6.9% Change in the last 12 months 34.8% 30.1% 36.1% Average Daily Trading Volume in 2Q19 - million 647.7 8.5 157.0 Average daily trading financial volume in 12 months - million 677.2 10.4 173.5 Shareholder Base and Indicators 06/30/19 03/31/19 06/30/18 Number of Shares - million 9,804 9,804 9,804 Common Shares (ON) - million 4,958 4,958 4,958 Non-Voting Shares (PN) - million 4,846 4 ,846 4,846 Treasury Shares - million 60.9 61.3 90.9 Number of Outstanding Shares - million 9,743 9,743 9,713 Recurring Net Income per Share in the Quarter (R$) 0.72 0.71 0.66 Net Income per Share in the Quarter (R$) 0.70 0.69 0.64 Book Value per Share (R$) 12.91 12.30 12.54 (1) 13.57 13.17 10.72 Price/Earnings (P/E) (2) 2.81 2.80 2.15 Price/Book Value (P/B) (1) (2) Closing price of non-voting shares at end of the period/earnings per share. For calculation purposes, the retained earnings of the last 12 months were included; Closing price of non-voting shares at end of the period/Book value per share at end of the period. Itaú Unibanco Holding S.A. 33

Management Discussion & Analysis Disclosure Criteria Disclosure Criteria Below we present the main reclassifications between the accounting and management results in the quarter. Non-Recurring Events Net of Tax Effects In R$ millions 2Q19 1Q19 2Q18 1H19 1H18 Net Income 6,815 6,710 6,244 13,525 12,524 (219) (167) (138) (386) (277) (-) Non-Recurring Events (151) (167) (150) (318) (296) Goodwill Amortization ∟ Effect from the amortization of goodwill generated by acquisitions made by the conglomerate (68) - 29 (68) 29 Liability Adequacy Test ∟ Adjustment of technical provisions as a result of the liability adequacy test - - (10) - (101) Impairment ∟ Adjustment to reflect the realization value of certain assets mainly related to technology - - - - 97 Contingencies Provision ∟ Provisions for tax and social security lawsuits and losses from economic plans in effect in Brazil during the 1980's and early 1990's - - (7) - (5) Tax Contingencies and Legal Liabilities ∟ Mainly effects of our adherence to the program for the settlement or installment payment of federal, state and municipal taxes Recurring Net Income 7,034 6,877 6,382 13,911 12,801 Main foreign exchange variations of the Brazilian real - 32.1% - 0.6% U.S. Argentinian - 1.7% + 0.6% peso dollar 3.8322 0.09036 0.13300 0.08983 3.8558 3.8967 R$ 3.8322 R$ 0.09036 2Q18 1Q19 2Q19 2Q18 1Q19 2Q19 - 9.5% - 4.5% Colombian Chilean - 1.4% - 2.4% peso peso 0.00565 0.00119 0.00591 0.00573 0.00132 0.00122 R$ 0.001195 R$ 0.005648 1Q19 2Q18 1Q19 2Q19 2Q18 2Q19 - 11.4% - 8.5% Paraguayan Uruguayan - 1.9% - 6.0% peso Guarani 0.00062 0.1087 0.00068 0.00063 0.1227 0.1156 R$ 0.1087 R$ 0.000620 2Q18 1Q19 2Q19 2Q18 1Q19 2Q19 Itaú Unibanco Holding S.A. 34 Management Discussion & Analysis Disclosure Criteria Disclosure Criteria Below we present the main reclassifications between the accounting and management results in the quarter. Non-Recurring Events Net of Tax Effects In R$ millions 2Q19 1Q19 2Q18 1H19 1H18 Net Income 6,815 6,710 6,244 13,525 12,524 (219) (167) (138) (386) (277) (-) Non-Recurring Events (151) (167) (150) (318) (296) Goodwill Amortization ∟ Effect from the amortization of goodwill generated by acquisitions made by the conglomerate (68) - 29 (68) 29 Liability Adequacy Test ∟ Adjustment of technical provisions as a result of the liability adequacy test - - (10) - (101) Impairment ∟ Adjustment to reflect the realization value of certain assets mainly related to technology - - - - 97 Contingencies Provision ∟ Provisions for tax and social security lawsuits and losses from economic plans in effect in Brazil during the 1980's and early 1990's - - (7) - (5) Tax Contingencies and Legal Liabilities ∟ Mainly effects of our adherence to the program for the settlement or installment payment of federal, state and municipal taxes Recurring Net Income 7,034 6,877 6,382 13,911 12,801 Main foreign exchange variations of the Brazilian real - 32.1% - 0.6% U.S. Argentinian - 1.7% + 0.6% peso dollar 3.8322 0.09036 0.13300 0.08983 3.8558 3.8967 R$ 3.8322 R$ 0.09036 2Q18 1Q19 2Q19 2Q18 1Q19 2Q19 - 9.5% - 4.5% Colombian Chilean - 1.4% - 2.4% peso peso 0.00565 0.00119 0.00591 0.00573 0.00132 0.00122 R$ 0.001195 R$ 0.005648 1Q19 2Q18 1Q19 2Q19 2Q18 2Q19 - 11.4% - 8.5% Paraguayan Uruguayan - 1.9% - 6.0% peso Guarani 0.00062 0.1087 0.00068 0.00063 0.1227 0.1156 R$ 0.1087 R$ 0.000620 2Q18 1Q19 2Q19 2Q18 1Q19 2Q19 Itaú Unibanco Holding S.A. 34

Management Discussion & Analysis Disclosure Criteria Glossary Executive Summary Operating Revenues Dividends and Interest on Own Mix of Products The sum of Managerial Financial Margin, Capital net of Taxes Change in the composition of credit risk Commissions and Fees and Result from Corresponds to the distribution of part of assets between periods. Insurance, Pension Plan and Premium the profits to stockholders, paid or Bonds Operations before Retained Claims provisioned, declared and posted in Average asset portfolio and Selling Expenses. Stockholders' Equity. Includes credit and private securities portfolio net of loans more than 60 days Managerial Financial Margin Market Capitalization overdue, while the balances do not include The sum of the Financial Margin with Obtained by multiplying the total number the effect of the average exchange rate Clients and the Financial Margin with of outstanding shares (common and non- variation in the periods. the Market. voting shares) by the average price of the non-voting share on the last trading day in Asset spreads Recurring Return on Average the period. Spreads variation on credit risk assets Equity – Annualized between periods. Obtained by dividing Recurring Net Income Tier I Capital - BIS III by Average Stockholders’ Equity. The Includes the impact of having brought Annualized average rate of financial resulting quotient is multiplied by the forward the schedule of deductions, and margin with clients number of periods in the year to derive the does not include the additional portion of Obtained by dividing the Financial Margin annualized rate. The calculation bases of dividends and interest on capital, in addition with Clients by the average daily balances of returns were adjusted by the amount of to the impact of investments in XP spread-sensitive operations, working capital dividends proposed after the balance sheet Investimentos. and others. The quotient of this division is closing dates, which have not yet been divided by the number of calendar days in approved in annual stockholders' or Board Cost of Credit the quarter and meetings. Composed of Result from Loan Losses, annualized (rising to 360) to obtain the Impairment and Discounts Granted. annual rate. Recurring Return on Average Assets – Annualized Obtained by dividing Recurring Net Income Managerial Financial Margin Credit Quality by Average Assets. Financial margin with clients NPL Ratio (over 90 days) Coverage Ratio Consists of spread-sensitive operations, Calculated by dividing the balance of non- Obtained by dividing the total allowance working capital and others. Spread-sensitive performing loans over 90 days by total loan balance by the balance of operations more operations are: (i) the assets margin, which is portfolio. Loans more than 90 days overdue than 90 days overdue. the difference between the amount include the total balance of transactions received in loan operations and corporate with at least one installment more than 90 Efficiency Ratio securities and the cost of money charged by days overdue. Obtained by dividing Non-Interest Expenses treasury banking and (ii) the liabilities by the sum of Managerial Financial Margin, margin, which is the difference between the NPL Creation Commissions and Fees, Result of Insurance, cost of funding and the amount received The balance of loans that became overdue Pension Plan and Premium Bonds from treasury banking. Working capital for more than 90 days in the quarter. Operations and Tax Expenses (ISS, PIS, margin is the interest on working capital at Cofins and Other Taxes). the Selic interest rate. NPL Creation Coverage Obtained by dividing the provision for loans Risk-Adjusted Efficiency Ratio: Financial margin with the market losses by NPL Creation in the quarter. Includes the Cost of Credit in Non-Interest Includes treasury banking, which manages Expenses. mismatches of assets and liabilities (ALM - Cost of Credit over Total Risk Asset and Liability Management), terms, and Calculated by dividing the Cost of Credit by Recurring Net Income per Share interest, foreign exchange and other rates, the average Loan Portfolio of the last two Calculated based on the weighted average and treasury trading, which manages quarters. number of outstanding shares for the proprietary portfolios and may assume period and includes stock splits when they guiding positions, in compliance with the take place. limits established by our risk appetite. Itaú Unibanco Holding S.A. 35 Management Discussion & Analysis Disclosure Criteria Glossary Executive Summary Operating Revenues Dividends and Interest on Own Mix of Products The sum of Managerial Financial Margin, Capital net of Taxes Change in the composition of credit risk Commissions and Fees and Result from Corresponds to the distribution of part of assets between periods. Insurance, Pension Plan and Premium the profits to stockholders, paid or Bonds Operations before Retained Claims provisioned, declared and posted in Average asset portfolio and Selling Expenses. Stockholders' Equity. Includes credit and private securities portfolio net of loans more than 60 days Managerial Financial Margin Market Capitalization overdue, while the balances do not include The sum of the Financial Margin with Obtained by multiplying the total number the effect of the average exchange rate Clients and the Financial Margin with of outstanding shares (common and non- variation in the periods. the Market. voting shares) by the average price of the non-voting share on the last trading day in Asset spreads Recurring Return on Average the period. Spreads variation on credit risk assets Equity – Annualized between periods. Obtained by dividing Recurring Net Income Tier I Capital - BIS III by Average Stockholders’ Equity. The Includes the impact of having brought Annualized average rate of financial resulting quotient is multiplied by the forward the schedule of deductions, and margin with clients number of periods in the year to derive the does not include the additional portion of Obtained by dividing the Financial Margin annualized rate. The calculation bases of dividends and interest on capital, in addition with Clients by the average daily balances of returns were adjusted by the amount of to the impact of investments in XP spread-sensitive operations, working capital dividends proposed after the balance sheet Investimentos. and others. The quotient of this division is closing dates, which have not yet been divided by the number of calendar days in approved in annual stockholders' or Board Cost of Credit the quarter and meetings. Composed of Result from Loan Losses, annualized (rising to 360) to obtain the Impairment and Discounts Granted. annual rate. Recurring Return on Average Assets – Annualized Obtained by dividing Recurring Net Income Managerial Financial Margin Credit Quality by Average Assets. Financial margin with clients NPL Ratio (over 90 days) Coverage Ratio Consists of spread-sensitive operations, Calculated by dividing the balance of non- Obtained by dividing the total allowance working capital and others. Spread-sensitive performing loans over 90 days by total loan balance by the balance of operations more operations are: (i) the assets margin, which is portfolio. Loans more than 90 days overdue than 90 days overdue. the difference between the amount include the total balance of transactions received in loan operations and corporate with at least one installment more than 90 Efficiency Ratio securities and the cost of money charged by days overdue. Obtained by dividing Non-Interest Expenses treasury banking and (ii) the liabilities by the sum of Managerial Financial Margin, margin, which is the difference between the NPL Creation Commissions and Fees, Result of Insurance, cost of funding and the amount received The balance of loans that became overdue Pension Plan and Premium Bonds from treasury banking. Working capital for more than 90 days in the quarter. Operations and Tax Expenses (ISS, PIS, margin is the interest on working capital at Cofins and Other Taxes). the Selic interest rate. NPL Creation Coverage Obtained by dividing the provision for loans Risk-Adjusted Efficiency Ratio: Financial margin with the market losses by NPL Creation in the quarter. Includes the Cost of Credit in Non-Interest Includes treasury banking, which manages Expenses. mismatches of assets and liabilities (ALM - Cost of Credit over Total Risk Asset and Liability Management), terms, and Calculated by dividing the Cost of Credit by Recurring Net Income per Share interest, foreign exchange and other rates, the average Loan Portfolio of the last two Calculated based on the weighted average and treasury trading, which manages quarters. number of outstanding shares for the proprietary portfolios and may assume period and includes stock splits when they guiding positions, in compliance with the take place. limits established by our risk appetite. Itaú Unibanco Holding S.A. 35

Management Discussion & Analysis Disclosure Criteria Glossary Results from Insurance, Pension Results by Business Plan and Premium Bonds Segment Underwriting Margin Retail Banking The sum of earned premiums, retained Consists of banking products and services to claims and selling expenses. both current account and non-current account holders. Products and services Combined Ratio offered include: personal loans, credit cards, The sum of retained claims, selling payroll loans, vehicle financing, mortgage expenses, administrative expenses, other loans, insurance, pension plan and premium operating income and expenses, tax bonds products, and acquiring services, expenses for ISS, PIS and Cofins and other among others. taxes divided by earned premiums. Wholesale Banking Consists of the activities of Itaú BBA, the unit responsible for commercial operations with Credit Portfolio large companies and for investment Loan-to-Value banking services, the activities of our units Ratio of the amount of the financing to the abroad, and the products and services value of the real estate property. offered to high-net worth clients (Private Banking) and to middle market companies and institutional clients. Funding Activities with the Market + Corporation Loan Portfolio over Gross Funding The Activities with the Market + Corporation Obtained by dividing Loans by Gross column presents the result from the capital Funding (Funding from Clients, Funds from surplus, excess subordinated debt and the Acceptance and Issuance of Securities net balance of tax assets and liabilities. It Abroad, Borrowings and Others) at the end also shows financial margin with the market, of the period. costs of Treasury operations, the equity pickup from companies not linked to each Currency segment and our interest in Porto Seguro. Includes cash, bank deposits of institutions without reserve requirements, foreign currency deposits in Brazil, foreign currency deposits abroad, and cash and cash equivalents in foreign currency. Our Shares Book Value per Share Calculated by dividing the Stockholders' Equity at the last date of the period by the Capital, Liquidity and number of outstanding shares. Market Indicators Value at Risk (VaR) A statistical metric that quantifies the maximum potential economic loss expected in normal market conditions. Itaú Unibanco Holding S.A. 36 Management Discussion & Analysis Disclosure Criteria Glossary Results from Insurance, Pension Results by Business Plan and Premium Bonds Segment Underwriting Margin Retail Banking The sum of earned premiums, retained Consists of banking products and services to claims and selling expenses. both current account and non-current account holders. Products and services Combined Ratio offered include: personal loans, credit cards, The sum of retained claims, selling payroll loans, vehicle financing, mortgage expenses, administrative expenses, other loans, insurance, pension plan and premium operating income and expenses, tax bonds products, and acquiring services, expenses for ISS, PIS and Cofins and other among others. taxes divided by earned premiums. Wholesale Banking Consists of the activities of Itaú BBA, the unit responsible for commercial operations with Credit Portfolio large companies and for investment Loan-to-Value banking services, the activities of our units Ratio of the amount of the financing to the abroad, and the products and services value of the real estate property. offered to high-net worth clients (Private Banking) and to middle market companies and institutional clients. Funding Activities with the Market + Corporation Loan Portfolio over Gross Funding The Activities with the Market + Corporation Obtained by dividing Loans by Gross column presents the result from the capital Funding (Funding from Clients, Funds from surplus, excess subordinated debt and the Acceptance and Issuance of Securities net balance of tax assets and liabilities. It Abroad, Borrowings and Others) at the end also shows financial margin with the market, of the period. costs of Treasury operations, the equity pickup from companies not linked to each Currency segment and our interest in Porto Seguro. Includes cash, bank deposits of institutions without reserve requirements, foreign currency deposits in Brazil, foreign currency deposits abroad, and cash and cash equivalents in foreign currency. Our Shares Book Value per Share Calculated by dividing the Stockholders' Equity at the last date of the period by the Capital, Liquidity and number of outstanding shares. Market Indicators Value at Risk (VaR) A statistical metric that quantifies the maximum potential economic loss expected in normal market conditions. Itaú Unibanco Holding S.A. 36

Itaú Unibanco Holding S.A. 37 Itaú Unibanco Holding S.A. 37

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Complete Financial Statements June 30, 2019 Management Discussion & Analysis and Complete Financial Statements Complete Financial Statements June 30, 2019 Management Discussion & Analysis and Complete Financial Statements

Vehicles Net Income Management Report in billions of Reais 1H19 Recurring 13.9 12.8 12.3 23.6% 22.0% Payment of 21.8% 1 (Global) ROE 2 Dividends 1H17 1H18 1H19 60.8% R$ 8.5 R$ 5.3 Total 1H18 1H19 Assets We ended June 2019 with R$ 1.7 trillion and at the Nonperforming Loans Ratio % 1,448 1,543 1,678 end of June 2018, (90 days overdue) we had R$ 1.5 trillion in total assets. Jun/30/17 Jun/30/18 Jun/30/19 3.2% 2.8% 2.9% Jun/30/17 Jun/30/18 Jun/30/19 Credit 3 Portfolio (R$ million) 56.4 25.9 44.8 14.1 38.3 210.4 59.8 137.7 Jun/30/17 587.3 66.1 28.3 45.4 14.7 40.5 197.1 65.6 165.5 623.3 Jun/30/18 79.3 32.8 49.1 17.2 44.0 193.6 78.1 165.7 659.7 Jun/30/19 4 Credit cards Payroll Loans Mortgage Large Companies Micro, Small and Latin America Medium Companies Personal Loans (1) Recurring return on Average Equity - Annualized. (2) Dividend paid, accrued or identified at the stockholders' equity. (3) Includes financial guarantees provided and corporate securities. (4) Includes corporate securities.Vehicles Net Income Management Report in billions of Reais 1H19 Recurring 13.9 12.8 12.3 23.6% 22.0% Payment of 21.8% 1 (Global) ROE 2 Dividends 1H17 1H18 1H19 60.8% R$ 8.5 R$ 5.3 Total 1H18 1H19 Assets We ended June 2019 with R$ 1.7 trillion and at the Nonperforming Loans Ratio % 1,448 1,543 1,678 end of June 2018, (90 days overdue) we had R$ 1.5 trillion in total assets. Jun/30/17 Jun/30/18 Jun/30/19 3.2% 2.8% 2.9% Jun/30/17 Jun/30/18 Jun/30/19 Credit 3 Portfolio (R$ million) 56.4 25.9 44.8 14.1 38.3 210.4 59.8 137.7 Jun/30/17 587.3 66.1 28.3 45.4 14.7 40.5 197.1 65.6 165.5 623.3 Jun/30/18 79.3 32.8 49.1 17.2 44.0 193.6 78.1 165.7 659.7 Jun/30/19 4 Credit cards Payroll Loans Mortgage Large Companies Micro, Small and Latin America Medium Companies Personal Loans (1) Recurring return on Average Equity - Annualized. (2) Dividend paid, accrued or identified at the stockholders' equity. (3) Includes financial guarantees provided and corporate securities. (4) Includes corporate securities.

Dear Reader, The previous Management Report drew attention to the importance of customer centricity as as a guiding thread to all of our strategic fronts1. We mentioned the adoption of principals and rituals to achieve our objective of changing leagues: to be among the world’s best companies in customer satisfaction. We have embarked on a series of initiatives aimed at improving our customers’ experience and, consequently, their degree of satisfaction and loyalty (NPS2). These initiatives adhere to the rituals (Listen to the Customers, Engage the Team, and Transform Experiences) we have established in our working environment. During the second quarter of 2019, we continued to develop our practices of listening to and strengthening the bonds with our customers. We believe change moves outwards, which is why the goal of our initiatives is to enhance not only our customer’s satisfaction, but also that of our employees and the way we work. customer changing Customer CENTRICITY AS THE GUIDING THREAD changing leagues Through our communities, we have created an integrated working model of our employees. Using this new structure as the starting point, we have begun dedicating more time and resources exclusively to enhance our customers’ satisfaction (NPS). We have structured the Customer Executive Forum consisting of periodic management meetings whose focus is on integrating the initiatives of the “customer centricity” strategic front with all our management areas. The forum’s objectives are: To analyze customer 1 satisfaction To monitor the customer centricity initiatives 2 To take decisions To analyze what we do and regarding customer 4 how we can improve centricity and our 3 strategic fronts We have implemented the “Can I help you?” program, in which our officers experience the day-to-day work in the branches and become involved in all functions involving customer relations. The purpose of this experiment is to get to know the point of view of both the customer and the employee, making it possible to identify opportunities for improving customer service and for renovating the manner in which we create products and services. For example, our president and CEO organized lines, handed out numbered tickets and personally attended to customers of a branch in Diadema, São Paulo. 1 Our six strategic fronts are People Management, Customer Centrality, Digital Transformation, Sustainable Profitability, Risk Management and Internationalization. 2 Net Promoter Score: measures the degree of customer satisfaction and loyalty. 41Dear Reader, The previous Management Report drew attention to the importance of customer centricity as as a guiding thread to all of our strategic fronts1. We mentioned the adoption of principals and rituals to achieve our objective of changing leagues: to be among the world’s best companies in customer satisfaction. We have embarked on a series of initiatives aimed at improving our customers’ experience and, consequently, their degree of satisfaction and loyalty (NPS2). These initiatives adhere to the rituals (Listen to the Customers, Engage the Team, and Transform Experiences) we have established in our working environment. During the second quarter of 2019, we continued to develop our practices of listening to and strengthening the bonds with our customers. We believe change moves outwards, which is why the goal of our initiatives is to enhance not only our customer’s satisfaction, but also that of our employees and the way we work. customer changing Customer CENTRICITY AS THE GUIDING THREAD changing leagues Through our communities, we have created an integrated working model of our employees. Using this new structure as the starting point, we have begun dedicating more time and resources exclusively to enhance our customers’ satisfaction (NPS). We have structured the Customer Executive Forum consisting of periodic management meetings whose focus is on integrating the initiatives of the “customer centricity” strategic front with all our management areas. The forum’s objectives are: To analyze customer 1 satisfaction To monitor the customer centricity initiatives 2 To take decisions To analyze what we do and regarding customer 4 how we can improve centricity and our 3 strategic fronts We have implemented the “Can I help you?” program, in which our officers experience the day-to-day work in the branches and become involved in all functions involving customer relations. The purpose of this experiment is to get to know the point of view of both the customer and the employee, making it possible to identify opportunities for improving customer service and for renovating the manner in which we create products and services. For example, our president and CEO organized lines, handed out numbered tickets and personally attended to customers of a branch in Diadema, São Paulo. 1 Our six strategic fronts are People Management, Customer Centrality, Digital Transformation, Sustainable Profitability, Risk Management and Internationalization. 2 Net Promoter Score: measures the degree of customer satisfaction and loyalty. 41

Thinking about the experience of our customers who visit our physical branches, we created the Branch Transformation model. Based on actively listening to our customers and employees: > We have invested in improving the architecture of our branches to create more open and inviting surroundings; > We have embraced digital transformation by improving technologies and functionalities, such as removing revolving doors, providing Wi-Fi access, envelope-free deposit services and self-service. We have launched a new customer service model at the digital branches for customers of Itaú Empresas, who can count on dedicated managers to support them, build the relationship and search for solutions in response to their objectives, thereby actively participating in the growth of each business. The innovations and transparency brought about by the digital economy now mean that people and businesses relate to money in a different way, while searching for greater freedom of choice. In this context, in May 2019 we launched the iti (Itaú, technology and innovation) pilot project, a platform that has reinvented the pay-and-receive experience. The ii platform waives the need for card machines and physical cards to make payments in commercial establishments or between people using QR Code®. This technology enables cash to be added, free issuance of giro transfers and registration of credit cards of any institution to make payments and transfers. As it is 100% digital and not linked to in-branch service, iti enables a significant reduction in the transaction fees charged to storeowners. Given the increasing number of customers operating digitally, we have expanded our investments in technological enhancements to afford our customers the convenience they seek. We have made it easier to transfer funds abroad. At present, international transfers through Itaú Unibanco are now 100% digital, 24 hours a day, 7 days a week to practically all countries, and takes just a few minutes. We have also made it possible to purchase US Dollars and Euros on the Itaú app, free of charge, 24 hours a day. The exchange rate is guaranteed at the time of purchase, with immediate payment via debit to a current account. The customer also receives notification on their app, or by SMS, reminding them of the deadline for picking up the currency at the branch. We have simplified our vehicle financing process by converting the iCarros site (our vehicle classified ads portal) into a credit analysis tool, with fewer fields to be filled out by customers on sites, and requiring just three items of information: taxpayer identity (CPF), e-mail and mobile telephone number. Such strategy resulted in a significant jump in the monthly number of customers filling out proposals. To make our customers’ shopping experience even more complete, the Mercado Livre website, Visa and Itaú have launched a cost-free international credit card that uses contactless technology and returns 10% of the value of purchases made at 970 official Mercado Livre stores. The card can be used at any Internet or physical store, and enjoys the benefits of Itaucard. Purchases with the card on Mercado Livre can also be paid in 15 interest-free instalments, in addition to obtaining Mercado Pontos (loyalty program) benefits. Realizamos nossa Assembleia Geral Ordinária no dia 24 de abril, na qual nossos acionistas puderam participar presencialmente, por Hand in hand with technology, we continued to implement initiatives in people management. meio do boletim de voto à distância ou por um procurador. Na assembleia, nossos acionistas votaram sobre (i) as demonstrações financeiras de 31 de dezembro de 2018, sendo aprovada a destinação do lucro do ano. (ii) A reeleição dos membros do Conselho de Administração (CA) para o próximo mandato anual. (iii) A eleição dos membros do Conselho Fiscal (CF), que é um órgão independente da administração e que fiscaliza a administração e as contas. (iv) A verba destinada à remuneração global da diretoria e do CA, bem como a remuneração dos membros do CF. 42Thinking about the experience of our customers who visit our physical branches, we created the Branch Transformation model. Based on actively listening to our customers and employees: > We have invested in improving the architecture of our branches to create more open and inviting surroundings; > We have embraced digital transformation by improving technologies and functionalities, such as removing revolving doors, providing Wi-Fi access, envelope-free deposit services and self-service. We have launched a new customer service model at the digital branches for customers of Itaú Empresas, who can count on dedicated managers to support them, build the relationship and search for solutions in response to their objectives, thereby actively participating in the growth of each business. The innovations and transparency brought about by the digital economy now mean that people and businesses relate to money in a different way, while searching for greater freedom of choice. In this context, in May 2019 we launched the iti (Itaú, technology and innovation) pilot project, a platform that has reinvented the pay-and-receive experience. The ii platform waives the need for card machines and physical cards to make payments in commercial establishments or between people using QR Code®. This technology enables cash to be added, free issuance of giro transfers and registration of credit cards of any institution to make payments and transfers. As it is 100% digital and not linked to in-branch service, iti enables a significant reduction in the transaction fees charged to storeowners. Given the increasing number of customers operating digitally, we have expanded our investments in technological enhancements to afford our customers the convenience they seek. We have made it easier to transfer funds abroad. At present, international transfers through Itaú Unibanco are now 100% digital, 24 hours a day, 7 days a week to practically all countries, and takes just a few minutes. We have also made it possible to purchase US Dollars and Euros on the Itaú app, free of charge, 24 hours a day. The exchange rate is guaranteed at the time of purchase, with immediate payment via debit to a current account. The customer also receives notification on their app, or by SMS, reminding them of the deadline for picking up the currency at the branch. We have simplified our vehicle financing process by converting the iCarros site (our vehicle classified ads portal) into a credit analysis tool, with fewer fields to be filled out by customers on sites, and requiring just three items of information: taxpayer identity (CPF), e-mail and mobile telephone number. Such strategy resulted in a significant jump in the monthly number of customers filling out proposals. To make our customers’ shopping experience even more complete, the Mercado Livre website, Visa and Itaú have launched a cost-free international credit card that uses contactless technology and returns 10% of the value of purchases made at 970 official Mercado Livre stores. The card can be used at any Internet or physical store, and enjoys the benefits of Itaucard. Purchases with the card on Mercado Livre can also be paid in 15 interest-free instalments, in addition to obtaining Mercado Pontos (loyalty program) benefits. Realizamos nossa Assembleia Geral Ordinária no dia 24 de abril, na qual nossos acionistas puderam participar presencialmente, por Hand in hand with technology, we continued to implement initiatives in people management. meio do boletim de voto à distância ou por um procurador. Na assembleia, nossos acionistas votaram sobre (i) as demonstrações financeiras de 31 de dezembro de 2018, sendo aprovada a destinação do lucro do ano. (ii) A reeleição dos membros do Conselho de Administração (CA) para o próximo mandato anual. (iii) A eleição dos membros do Conselho Fiscal (CF), que é um órgão independente da administração e que fiscaliza a administração e as contas. (iv) A verba destinada à remuneração global da diretoria e do CA, bem como a remuneração dos membros do CF. 42

During our Diversity Week, we launched a campaign stressing that differences are not obstacles; rather they are characteristics that differentiate people who, together, are responsible for fostering a better performance by the bank and greater respect in society. Our discussions about inclusion cover various aspects such as race, gender, age, sexual orientation, disabilities and religion. From June 25 to 27, we held lectures about how the culture of inclusion creates innovation, the scenario and the rights of LGBT+ people, how to deal with discrimination and prejudice in the workplace, diversity and inclusion in society, and sharing stories of our employees. This set of initiatives comprises an agenda for a long-term strategy that has contributed to the sustainability of our results. In the first half of 2019, our net income was R$ 13.9 billion, representing an increase of 8.7% over the same period of 2018, and an annualized recurring return of 23.6% over Shareholders’ Equity. We give below the main indicators comprising this result: In R$ billions 1H19 1H18 Variation Result Information 1 Banking Product 57.7 55.4 4.1% Managerial Financial Margin 36.1 34.3 5.3% 33.3 31.2 6.7% Financial Margin with Clients Financial Market with the Market 2.8 3.1 -8.6% Cost of Credit (7.8) (7.4) 6.2% (24.8) (23.9) 3.7% Non-Interest Expenses 13.9 12.8 8.7% Recurring Net Income 13.7 12.5 8.0% Book Net Income Recurring Return on annualized Average 23.6% 22.0% 160 bps 2 Equity June 30, 2019 June 30, 2018 Variation Balance Sheet Information Total Assets 1,678 1,5438.8% 3 Credit Portfolio 659.7 623.3 5.9% NPL Ratio (90 days) – Total 2.9% 10 bps 2.8% 4 Tier 1 Capital Ratio 14.9% 14.2%70 bps 1H19 1H18 Variation 5 Information per share Weighted Average Number of Outstanding Shares 9,735,865,905 9,720,158,090 0.2% Net Income per Share – R$ 1.39 1.29 7.8% Book Value per Share (Outstanding on 06/30) 12.91 12.54 3.0% (1) Banking Product is the sum of the Managerial Financial Margin, Revenues from Services and Revenues from Insurance, Pension Plans and Savings Bonds, before Claims and Sales Expenses. (2) The return is calculated by dividing the Recurring Net Income by the Average Stockholders’ Equity. The quotient of this division was multiplied by the number of periods in the year to arrive at the annual ratio. The bases for calculating the returns were adjusted for the proposed amount of dividends after closure of the balance sheet still pending approval by the general meeting of shareholders or at board meetings. (3) Portfolio of Loans, Financial Guarantees Provided and Private Securities. (4) For the period ofJune 2018 it is considered the immediate and full application of the Basel III rules and the pro forma impact of the investment in XP (-80bps) (5) The figures for the first semester were adjusted by the 50% stock split. 43During our Diversity Week, we launched a campaign stressing that differences are not obstacles; rather they are characteristics that differentiate people who, together, are responsible for fostering a better performance by the bank and greater respect in society. Our discussions about inclusion cover various aspects such as race, gender, age, sexual orientation, disabilities and religion. From June 25 to 27, we held lectures about how the culture of inclusion creates innovation, the scenario and the rights of LGBT+ people, how to deal with discrimination and prejudice in the workplace, diversity and inclusion in society, and sharing stories of our employees. This set of initiatives comprises an agenda for a long-term strategy that has contributed to the sustainability of our results. In the first half of 2019, our net income was R$ 13.9 billion, representing an increase of 8.7% over the same period of 2018, and an annualized recurring return of 23.6% over Shareholders’ Equity. We give below the main indicators comprising this result: In R$ billions 1H19 1H18 Variation Result Information 1 Banking Product 57.7 55.4 4.1% Managerial Financial Margin 36.1 34.3 5.3% 33.3 31.2 6.7% Financial Margin with Clients Financial Market with the Market 2.8 3.1 -8.6% Cost of Credit (7.8) (7.4) 6.2% (24.8) (23.9) 3.7% Non-Interest Expenses 13.9 12.8 8.7% Recurring Net Income 13.7 12.5 8.0% Book Net Income Recurring Return on annualized Average 23.6% 22.0% 160 bps 2 Equity June 30, 2019 June 30, 2018 Variation Balance Sheet Information Total Assets 1,678 1,5438.8% 3 Credit Portfolio 659.7 623.3 5.9% NPL Ratio (90 days) – Total 2.9% 10 bps 2.8% 4 Tier 1 Capital Ratio 14.9% 14.2%70 bps 1H19 1H18 Variation 5 Information per share Weighted Average Number of Outstanding Shares 9,735,865,905 9,720,158,090 0.2% Net Income per Share – R$ 1.39 1.29 7.8% Book Value per Share (Outstanding on 06/30) 12.91 12.54 3.0% (1) Banking Product is the sum of the Managerial Financial Margin, Revenues from Services and Revenues from Insurance, Pension Plans and Savings Bonds, before Claims and Sales Expenses. (2) The return is calculated by dividing the Recurring Net Income by the Average Stockholders’ Equity. The quotient of this division was multiplied by the number of periods in the year to arrive at the annual ratio. The bases for calculating the returns were adjusted for the proposed amount of dividends after closure of the balance sheet still pending approval by the general meeting of shareholders or at board meetings. (3) Portfolio of Loans, Financial Guarantees Provided and Private Securities. (4) For the period ofJune 2018 it is considered the immediate and full application of the Basel III rules and the pro forma impact of the investment in XP (-80bps) (5) The figures for the first semester were adjusted by the 50% stock split. 43

Recurring net income was R$ 13.9 billion in the first half of 2019, growth of 8.7% over the first half of 2018, with a return on shareholders’ equity of 23.6%. The main highlight was the 4.1% growth in our banking product compared to the same period of the previous year. Financial margin with clients increased by 6.7% due to the growth of credit portfolios of individuals and very small, small and middle-market companies. These effects were partially offset by lower commissions and fees and higher cost of credit. Our credit portfolio, including financial guarantees provided and private securities, stood at R$ 659.7 billion at the end of June 2019, an increase of 5.9% over the same period of 2018. Worthy of note was our individual loan portfolio, which rose by 14.0% and the very small, small and middle-market companies portfolio, with growth of 19.0%. Capital management is an essential component of our management model, because through it we strive to optimize how we invest our shareholders’ funds and ensure the solidness of the bank. These objectives are reflected in our capital ratio and dividend distribution policies that stipulate a minimum Tier 1 ratio of 13.5%. Thus, distributions of earnings are conditional on this limit, the growth outlook for the business, the profitability for the year, mergers and acquisitions, changes in the market as well as fiscal and regulatory changes that could affect capital requirements. In the first half of 2019 our Tier 1 capital ratio was 14.9%. On July, 29, our Board of Directors approved the payment of additional dividends in the amount of R$ 7.7 billion and 0.7869 per share. The payment will be on August 23, 2019 and will be considered the shareholders position as of August 15, 2019. The dividend paid, accrued or identified at the Stockholders' equity on the first half of 2019 grew 60.8% in comparison to the first half of 2018. For further information on Dividends visit our Investor Relations website: itau.com.br/investor-relations > Announcements to the Market > Material Facts. With a view to governance and transparency with the market, we hold the cycle of APIMEC1 meetings at which we invite together investors to discuss, primarily, our results strategies and the macroeconomic context. In the first half of the year, the investors' interest in the capital market increased, reflected in: 2019 > A 13.5% increase in the number of participants at the APIMEC meetings2, to 1.3 thousand people. apimec > A 43% increase in the number of shareholders, to 215.3 thousand. CYCLE We wish to invite our investors to participate at our next APIMEC Meetings: City Date The APIMEC Meeting in São Paulo Rio de Janeiro August 12 will be broadcast live on the São Paulo September 3 Investor Relations web site, with simultaneous interpretation to Fortaleza September 12 English. Porto Alegre September 18 For further information regarding the APIMEC meetings, visit our Investor Relations website: itau.com.br/investor-relations > Presentations and Events > APIMEC Meetings. 1Association of Capital Market Investment Analysts and Professionals. 2 Florianópolis, Curitiba, Londrina, Campinas, Santos, Salvador, Recife, Goiânia, Uberlândia, Ribeirão Preto, Belo Horizonte and Brasília. 44Recurring net income was R$ 13.9 billion in the first half of 2019, growth of 8.7% over the first half of 2018, with a return on shareholders’ equity of 23.6%. The main highlight was the 4.1% growth in our banking product compared to the same period of the previous year. Financial margin with clients increased by 6.7% due to the growth of credit portfolios of individuals and very small, small and middle-market companies. These effects were partially offset by lower commissions and fees and higher cost of credit. Our credit portfolio, including financial guarantees provided and private securities, stood at R$ 659.7 billion at the end of June 2019, an increase of 5.9% over the same period of 2018. Worthy of note was our individual loan portfolio, which rose by 14.0% and the very small, small and middle-market companies portfolio, with growth of 19.0%. Capital management is an essential component of our management model, because through it we strive to optimize how we invest our shareholders’ funds and ensure the solidness of the bank. These objectives are reflected in our capital ratio and dividend distribution policies that stipulate a minimum Tier 1 ratio of 13.5%. Thus, distributions of earnings are conditional on this limit, the growth outlook for the business, the profitability for the year, mergers and acquisitions, changes in the market as well as fiscal and regulatory changes that could affect capital requirements. In the first half of 2019 our Tier 1 capital ratio was 14.9%. On July, 29, our Board of Directors approved the payment of additional dividends in the amount of R$ 7.7 billion and 0.7869 per share. The payment will be on August 23, 2019 and will be considered the shareholders position as of August 15, 2019. The dividend paid, accrued or identified at the Stockholders' equity on the first half of 2019 grew 60.8% in comparison to the first half of 2018. For further information on Dividends visit our Investor Relations website: itau.com.br/investor-relations > Announcements to the Market > Material Facts. With a view to governance and transparency with the market, we hold the cycle of APIMEC1 meetings at which we invite together investors to discuss, primarily, our results strategies and the macroeconomic context. In the first half of the year, the investors' interest in the capital market increased, reflected in: 2019 > A 13.5% increase in the number of participants at the APIMEC meetings2, to 1.3 thousand people. apimec > A 43% increase in the number of shareholders, to 215.3 thousand. CYCLE We wish to invite our investors to participate at our next APIMEC Meetings: City Date The APIMEC Meeting in São Paulo Rio de Janeiro August 12 will be broadcast live on the São Paulo September 3 Investor Relations web site, with simultaneous interpretation to Fortaleza September 12 English. Porto Alegre September 18 For further information regarding the APIMEC meetings, visit our Investor Relations website: itau.com.br/investor-relations > Presentations and Events > APIMEC Meetings. 1Association of Capital Market Investment Analysts and Professionals. 2 Florianópolis, Curitiba, Londrina, Campinas, Santos, Salvador, Recife, Goiânia, Uberlândia, Ribeirão Preto, Belo Horizonte and Brasília. 44

The Renewal of the Share Repurchase Program - took effect from May 31, 2019, authorizing the acquisition of up to 15 million common shares (ITUB3) and up to 75 million preferred shares (ITUB4) issued by us, with no reduction in the capital stock, to be held in treasury, cancellation or reallocation in the market. In percentage terms, the figures equate to 0.3% and 1.6% of the total shares in free float in the market, respectively. Itaú Corretora de Valores S.A. will intermediate the purchases, which can be made until November 30, 2020. Our commitment to transparency and accountability is directly related to the attention we allocate to our shareholders and investors. We pay special attention to communicating with these stakeholders by continually investing in enhancing our contact channels and in the quality of the services that we provide. We were the first Investor Relations web site in Brazil to have a dedicated podcast for the investing public, Investcast, which can be accessed on our landing page (itau.com.br/relacoes-com-investidores), as well as on Spotify, iTunes and Deezer. In May, we rolled out a new platform for comments and analyses of the main economic issues in Brazil, Itaú Views – Macro & Research, a weekly podcast dedicated to analyzing the macroeconomic scenario in Brazil, sectoral evaluations and the stock market. We took first place in five out of the eight categories in the “Institutional Investor – 2019 Latin America” award: Best CEO, Best Investor Relations Program, Best ESG, Best Investors’ Meeting and Best Website. During the first half of 2019, we published our principal regulatory documents, including Form 20F of the Securities and Exchange Commission (April 30, 2019) and the Reference Form of the Brazilian Securities Commission (May 31, 2019). To view these documents, go to itau.com.br/relacoes-com-investidores > Reports. Average Daily Trading Volume of Shares (R$ million) Our stock continues to trade with a high level of liquidity, with an increase of 62% in the average daily trading volume since 2017, with growth on the local market (B3) having attained 69% in the same period. Currently, 53% of the average daily volume is traded on B3 and 47% on the NYSE. +62% 1,418 1,253 874 748 653 442 670 600 432 2017 2018 1H19 B3 (ON+PN) NYSE (ADR) 45The Renewal of the Share Repurchase Program - took effect from May 31, 2019, authorizing the acquisition of up to 15 million common shares (ITUB3) and up to 75 million preferred shares (ITUB4) issued by us, with no reduction in the capital stock, to be held in treasury, cancellation or reallocation in the market. In percentage terms, the figures equate to 0.3% and 1.6% of the total shares in free float in the market, respectively. Itaú Corretora de Valores S.A. will intermediate the purchases, which can be made until November 30, 2020. Our commitment to transparency and accountability is directly related to the attention we allocate to our shareholders and investors. We pay special attention to communicating with these stakeholders by continually investing in enhancing our contact channels and in the quality of the services that we provide. We were the first Investor Relations web site in Brazil to have a dedicated podcast for the investing public, Investcast, which can be accessed on our landing page (itau.com.br/relacoes-com-investidores), as well as on Spotify, iTunes and Deezer. In May, we rolled out a new platform for comments and analyses of the main economic issues in Brazil, Itaú Views – Macro & Research, a weekly podcast dedicated to analyzing the macroeconomic scenario in Brazil, sectoral evaluations and the stock market. We took first place in five out of the eight categories in the “Institutional Investor – 2019 Latin America” award: Best CEO, Best Investor Relations Program, Best ESG, Best Investors’ Meeting and Best Website. During the first half of 2019, we published our principal regulatory documents, including Form 20F of the Securities and Exchange Commission (April 30, 2019) and the Reference Form of the Brazilian Securities Commission (May 31, 2019). To view these documents, go to itau.com.br/relacoes-com-investidores > Reports. Average Daily Trading Volume of Shares (R$ million) Our stock continues to trade with a high level of liquidity, with an increase of 62% in the average daily trading volume since 2017, with growth on the local market (B3) having attained 69% in the same period. Currently, 53% of the average daily volume is traded on B3 and 47% on the NYSE. +62% 1,418 1,253 874 748 653 442 670 600 432 2017 2018 1H19 B3 (ON+PN) NYSE (ADR) 45

Evolution of R$ 100 invested on the date preceding the announcement of the merger (10/31/2008) until 06/30/2019 The graph below shows the evolution of investments from the day preceding the announcement of the merger (October 31, 2008), until June 30, 2019, comparing the price of our preferred stock (ITUB4) with and without the reinvestment of dividends, with the performance of the Ibovespa Index and the CDI rate. 600 376 278 271 100 oct-08 jun-09 feb-10 oct-10 jun-11 feb-12 oct-12 jun-13 feb-14 oct-14 jun-15 feb-16 oct-16 jun-17 feb-18 oct-18 jun-19 ITUB(4) adjusted for dividends ITUB4 not adjusted for dividends CDI rate Ibovespa For example, a shareholder who purchased R$100 in shares at the end of October 2008, reinvesting the dividends on those shares, would have R$600 at the end of June 2019, which represents more than twice the return of the CDI rate accrued in the same period (R$278). On the other hand, had the shareholder not reinvested the dividends, their investment would have reached R$376. Acknowledgements We wish to reiterate our gratitude to our employees for their commitment and dedication that have enabled us to leverage our results; and to our customers and shareholders for their interest and trust they have placed in us. (Approved at the Meeting of the Board of Directors on July 26, 2019). 46Evolution of R$ 100 invested on the date preceding the announcement of the merger (10/31/2008) until 06/30/2019 The graph below shows the evolution of investments from the day preceding the announcement of the merger (October 31, 2008), until June 30, 2019, comparing the price of our preferred stock (ITUB4) with and without the reinvestment of dividends, with the performance of the Ibovespa Index and the CDI rate. 600 376 278 271 100 oct-08 jun-09 feb-10 oct-10 jun-11 feb-12 oct-12 jun-13 feb-14 oct-14 jun-15 feb-16 oct-16 jun-17 feb-18 oct-18 jun-19 ITUB(4) adjusted for dividends ITUB4 not adjusted for dividends CDI rate Ibovespa For example, a shareholder who purchased R$100 in shares at the end of October 2008, reinvesting the dividends on those shares, would have R$600 at the end of June 2019, which represents more than twice the return of the CDI rate accrued in the same period (R$278). On the other hand, had the shareholder not reinvested the dividends, their investment would have reached R$376. Acknowledgements We wish to reiterate our gratitude to our employees for their commitment and dedication that have enabled us to leverage our results; and to our customers and shareholders for their interest and trust they have placed in us. (Approved at the Meeting of the Board of Directors on July 26, 2019). 46

Independent Audit - CVM Instruction No. 381 Procedures Adopted by the Company: our operating policy, including subsidiaries, when contracting non-external audit-related services from our independent auditors, is based on applicable regulations and internationally accepted principles that protect the independence of the auditors. These principles state that: (a) the auditors must not audit their own work, (b) the auditors must not hold managerial positions at their clients and (c) the auditors must not promote their clients’ interests. In the period from January to June 2019, we did not contract from the independent auditors or their related parties services unrelated to the external audit in an amount exceeding 5% of the total fees regarding external audit services. As per CVM Instruction No. 381, we list below the other services provided and the dates on which they were contracted: - January 3 - issuance of the report of the of income tax calculation and settlement; - January 3 and April 11 - issuance of the report of the review of income tax calculation and settlement; - January 18 and April 26 - review of compliance with the regulations applicable to transfer pricing; - January 31 - review of the Tax Accounting Books; - March 8 and April 23 - acquisition of technical materials and training; - April 26 – diagnosis and analysis of the impact of the new regulations. Justification of the Independent Auditors PricewaterhouseCoopers: The provision of non-external audit-related services described above does not affect either independence or objectivity in conducting external audit examinations at Itaú Unibanco e and its subsidiaries. The policy for providing Itaú Unibanco with non-external audit-related services is based on principles that protect the independent auditors’ independence, all of which were observed in providing said services, including their approval by the Audit Committee of Itaú Unibanco. Central Bank – Circular No. 3.068/01 We declare having the financial capacity and the intention to hold until maturity the securities classified in the category “Held to Maturity”, amounting to de R$ 38.6 billion, accounting for 8.2% of total securities and derivative financial instruments in June 2019. International Financial Reporting Standards (IFRS) We are disclosing the full accounting statements in accordance with the international financial reporting standards (IFRS) on the same date as this publication, as per Official Circular CVM/SEP 01/13. The full accounting statements are available on the Investor Relations site at (www.itau.com.br/investor-relations > Results Center). The Management Report and the Full Accounting Statements of Itaú Unibanco Holding S.A. and those of its subsidiaries, for the period January to June 2019, abide by the rules established in Brazilian Company Law, the National Monetary Council (CMN), the Brazilian Central Bank (BACEN), the Brazilian Securities Exchange Commission (CVM), the National Council for Private Insurance (CNSP), the Superintendence for Private Insurance (SUSEP), the National Superintendence for Supplementary Pensions (PREVIC) and the recommendations of the International Accounting Standards Board (IASB). The information presented herein is available on the Investor Relations site (IR) of Itaú Unibanco, at: www.itau.com.br/investor-relations > Results Center. 47Independent Audit - CVM Instruction No. 381 Procedures Adopted by the Company: our operating policy, including subsidiaries, when contracting non-external audit-related services from our independent auditors, is based on applicable regulations and internationally accepted principles that protect the independence of the auditors. These principles state that: (a) the auditors must not audit their own work, (b) the auditors must not hold managerial positions at their clients and (c) the auditors must not promote their clients’ interests. In the period from January to June 2019, we did not contract from the independent auditors or their related parties services unrelated to the external audit in an amount exceeding 5% of the total fees regarding external audit services. As per CVM Instruction No. 381, we list below the other services provided and the dates on which they were contracted: - January 3 - issuance of the report of the of income tax calculation and settlement; - January 3 and April 11 - issuance of the report of the review of income tax calculation and settlement; - January 18 and April 26 - review of compliance with the regulations applicable to transfer pricing; - January 31 - review of the Tax Accounting Books; - March 8 and April 23 - acquisition of technical materials and training; - April 26 – diagnosis and analysis of the impact of the new regulations. Justification of the Independent Auditors PricewaterhouseCoopers: The provision of non-external audit-related services described above does not affect either independence or objectivity in conducting external audit examinations at Itaú Unibanco e and its subsidiaries. The policy for providing Itaú Unibanco with non-external audit-related services is based on principles that protect the independent auditors’ independence, all of which were observed in providing said services, including their approval by the Audit Committee of Itaú Unibanco. Central Bank – Circular No. 3.068/01 We declare having the financial capacity and the intention to hold until maturity the securities classified in the category “Held to Maturity”, amounting to de R$ 38.6 billion, accounting for 8.2% of total securities and derivative financial instruments in June 2019. International Financial Reporting Standards (IFRS) We are disclosing the full accounting statements in accordance with the international financial reporting standards (IFRS) on the same date as this publication, as per Official Circular CVM/SEP 01/13. The full accounting statements are available on the Investor Relations site at (www.itau.com.br/investor-relations > Results Center). The Management Report and the Full Accounting Statements of Itaú Unibanco Holding S.A. and those of its subsidiaries, for the period January to June 2019, abide by the rules established in Brazilian Company Law, the National Monetary Council (CMN), the Brazilian Central Bank (BACEN), the Brazilian Securities Exchange Commission (CVM), the National Council for Private Insurance (CNSP), the Superintendence for Private Insurance (SUSEP), the National Superintendence for Supplementary Pensions (PREVIC) and the recommendations of the International Accounting Standards Board (IASB). The information presented herein is available on the Investor Relations site (IR) of Itaú Unibanco, at: www.itau.com.br/investor-relations > Results Center. 47

ITAÚ UNIBANCO HOLDING S.A. BOARD OF DIRECTORS BOARD OF EXECUTIVE OFFICERS Co-Chairmen Chief Executive Officer Pedro Moreira Salles Candido Botelho Bracher Roberto Egydio Setubal Director Generals Members Caio Ibrahim David Alfredo Egydio Setubal Márcio de Andrade Schettini Ana Lúcia de Mattos Barretto Villela Fábio Colletti Barbosa Executive Vice-Presidents Gustavo Jorge Laboissière Loyola André Sapoznik João Moreira Salles Claudia Politanski José Galló Milton Maluhy Filho Marco Ambrogio Crespi Bonomi Pedro Luiz Bodin de Moraes Ricardo Villela Marino Executive Officers (*) Alexsandro Broedel Lopes Fernando Barçante Tostes Malta Leila Cristiane Barboza Braga de Melo Paulo Sergio Miron AUDIT COMMITTEE Chairman Officers Gustavo Jorge Laboissière Loyola Adriano Cabral Volpini Álvaro Felipe Rizzi Rodrigues Andre Balestrin Cestare Members Emerson Macedo Bortoloto Antonio Carlos Barbosa de Oliveira Gilberto Frussa Antonio Francisco de Lima Neto José Virgilio Vita Neto Diego Fresco Gutierrez Renato Barbosa do Nascimento Maria Helena dos Santos Fernandes de Santana Rodrigo Luís Rosa Couto Rogério Paulo Calderón Peres Sergio Mychkis Goldstein Tatiana Grecco Tom Gouvêa Gerth FISCAL COUNCIL Chairman José Caruso Cruz Henriques Members Alkimar Ribeiro Moura Eduardo Azevedo do Valle (*) Group Executive Finance Director and Head of Investor Relations. Accountant Arnaldo Alves dos Santos CRC - 1SP - 210.058/O-3 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 48 ITAÚ UNIBANCO HOLDING S.A. BOARD OF DIRECTORS BOARD OF EXECUTIVE OFFICERS Co-Chairmen Chief Executive Officer Pedro Moreira Salles Candido Botelho Bracher Roberto Egydio Setubal Director Generals Members Caio Ibrahim David Alfredo Egydio Setubal Márcio de Andrade Schettini Ana Lúcia de Mattos Barretto Villela Fábio Colletti Barbosa Executive Vice-Presidents Gustavo Jorge Laboissière Loyola André Sapoznik João Moreira Salles Claudia Politanski José Galló Milton Maluhy Filho Marco Ambrogio Crespi Bonomi Pedro Luiz Bodin de Moraes Ricardo Villela Marino Executive Officers (*) Alexsandro Broedel Lopes Fernando Barçante Tostes Malta Leila Cristiane Barboza Braga de Melo Paulo Sergio Miron AUDIT COMMITTEE Chairman Officers Gustavo Jorge Laboissière Loyola Adriano Cabral Volpini Álvaro Felipe Rizzi Rodrigues Andre Balestrin Cestare Members Emerson Macedo Bortoloto Antonio Carlos Barbosa de Oliveira Gilberto Frussa Antonio Francisco de Lima Neto José Virgilio Vita Neto Diego Fresco Gutierrez Renato Barbosa do Nascimento Maria Helena dos Santos Fernandes de Santana Rodrigo Luís Rosa Couto Rogério Paulo Calderón Peres Sergio Mychkis Goldstein Tatiana Grecco Tom Gouvêa Gerth FISCAL COUNCIL Chairman José Caruso Cruz Henriques Members Alkimar Ribeiro Moura Eduardo Azevedo do Valle (*) Group Executive Finance Director and Head of Investor Relations. Accountant Arnaldo Alves dos Santos CRC - 1SP - 210.058/O-3 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 48

ITAÚ UNIBANCO S.A. Director Generals Officers (continued) Caio Ibrahim David Eduardo Cardoso Armonia Márcio de Andrade Schettini Eduardo Corsetti Eduardo Esteban Mato Amorin Eduardo Estefan Ventura Eduardo Hiroyuki Miyaki Executive Vice-Presidents Eduardo Queiroz Tracanella André Sapoznik Emerson Savi Junqueira Claudia Politanski Emilio Pedro Borsari Filho Milton Maluhy Filho Eric André Altafim Estevão Carcioffi Lazanha Fabiana Pascon Bastos Fábio Napoli Felipe de Souza Wey Executive Officers Felipe Weil Wilberg Alexsandro Broedel Lopes Fernando Della Torre Chagas André Luís Teixeira Rodrigues Fernando Julião de Souza Amaral Carlos Eduardo Monico Fernando Kontopp de Oliveira Carlos Fernando Rossi Constantini Flávio Delfino Júnior Carlos Orestes Vanzo Flavio Ribeiro Iglesias Christian George Egan Francisco Vieira Cordeiro Neto Fernando Barçante Tostes Malta Gabriel Guedes Pinto Teixeira Flávio Augusto Aguiar de Souza Gabriela Rodrigues Ferreira João Marcos Pequeno de Biase Gilberto Frussa (1) Leila Cristiane Barboza Braga de Melo Guilhermo Luiz Bressane Gomes Luís Eduardo Gross Siqueira Cunha Gustavo Trovisco Lopes Luiz Eduardo Loureiro Veloso José de Castro Araújo Rudge Filho Marcelo Kopel José Virgilio Vita Neto Marcos Antônio Vaz de Magalhães Laila Regina de Oliveira Pena de Antonio Ricardo Ribeiro Mandacaru Guerra Leon Gottlieb Sergio Guillinet Fajerman Lineu Carlos Ferraz de Andrade Livia Martines Chanes Luís Fernando Staub Luiz Felipe Monteiro Arcuri Trevisan Luiz Fernando Butori Reis Santos Officers Luiz Severiano Ribeiro Adriana Maria dos Santos Manoela Varanda Adriano Cabral Volpini Marcio Luis Domingues da Silva Adriano Maciel Pedroti Marco Antonio Sudano Alessandro Anastasi Mário Lúcio Gurgel Pires Álvaro Felipe Rizzi Rodrigues Mario Magalhães Carvalho Mesquita Ana Lúcia Gomes de Sá Drumond Pardo Matias Granata Andre Balestrin Cestare Milena de Castilho Lefon Martins André Carvalho Whyte Gailey Moisés João do Nascimento André Henrique Caldeira Daré Pedro Barros Barreto Fernandes Andrea Carpes Blanco Renato Cesar Mansur Andréa Matteucci Pinotti Ricardo Nuno Delgado Gonçalves Atilio Luiz Magila Albiero Junior Ricardo Urquijo Lazcano Badi Maani Shaikhzadeh Rodnei Bernardino de Souza Bruno Machado Ferreira Rodrigo Jorge Dantas de Oliveira Carlos Augusto Salamonde Rodrigo Luís Rosa Couto Carlos Eduardo Mori Peyser Rodrigo Rodrigues Baia Carlos Henrique Donegá Aidar Rogerio Vasconcelos Costa Carlos Rodrigo Formigari Rubens Luiz dos Santos Henriques Cesar Ming Pereira da Silva Sergio Mychkis Goldstein Cesar Padovan Tatiana Grecco Cintia Carbonieri Fleury de Camargo Thales Ferreira Silva Claudio César Sanches Thiago Luiz Charnet Ellero Cláudio José Coutinho Arromatte Valéria Aparecida Marretto Cristiane Magalhães Teixeira Portella Vanessa Lopes Reisner Cristiano Guimarães Duarte Wagner Bettini Sanches (1) Elected at the ESM of 05/28/2019, awaiting approval from BACEN. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 49 ITAÚ UNIBANCO S.A. Director Generals Officers (continued) Caio Ibrahim David Eduardo Cardoso Armonia Márcio de Andrade Schettini Eduardo Corsetti Eduardo Esteban Mato Amorin Eduardo Estefan Ventura Eduardo Hiroyuki Miyaki Executive Vice-Presidents Eduardo Queiroz Tracanella André Sapoznik Emerson Savi Junqueira Claudia Politanski Emilio Pedro Borsari Filho Milton Maluhy Filho Eric André Altafim Estevão Carcioffi Lazanha Fabiana Pascon Bastos Fábio Napoli Felipe de Souza Wey Executive Officers Felipe Weil Wilberg Alexsandro Broedel Lopes Fernando Della Torre Chagas André Luís Teixeira Rodrigues Fernando Julião de Souza Amaral Carlos Eduardo Monico Fernando Kontopp de Oliveira Carlos Fernando Rossi Constantini Flávio Delfino Júnior Carlos Orestes Vanzo Flavio Ribeiro Iglesias Christian George Egan Francisco Vieira Cordeiro Neto Fernando Barçante Tostes Malta Gabriel Guedes Pinto Teixeira Flávio Augusto Aguiar de Souza Gabriela Rodrigues Ferreira João Marcos Pequeno de Biase Gilberto Frussa (1) Leila Cristiane Barboza Braga de Melo Guilhermo Luiz Bressane Gomes Luís Eduardo Gross Siqueira Cunha Gustavo Trovisco Lopes Luiz Eduardo Loureiro Veloso José de Castro Araújo Rudge Filho Marcelo Kopel José Virgilio Vita Neto Marcos Antônio Vaz de Magalhães Laila Regina de Oliveira Pena de Antonio Ricardo Ribeiro Mandacaru Guerra Leon Gottlieb Sergio Guillinet Fajerman Lineu Carlos Ferraz de Andrade Livia Martines Chanes Luís Fernando Staub Luiz Felipe Monteiro Arcuri Trevisan Luiz Fernando Butori Reis Santos Officers Luiz Severiano Ribeiro Adriana Maria dos Santos Manoela Varanda Adriano Cabral Volpini Marcio Luis Domingues da Silva Adriano Maciel Pedroti Marco Antonio Sudano Alessandro Anastasi Mário Lúcio Gurgel Pires Álvaro Felipe Rizzi Rodrigues Mario Magalhães Carvalho Mesquita Ana Lúcia Gomes de Sá Drumond Pardo Matias Granata Andre Balestrin Cestare Milena de Castilho Lefon Martins André Carvalho Whyte Gailey Moisés João do Nascimento André Henrique Caldeira Daré Pedro Barros Barreto Fernandes Andrea Carpes Blanco Renato Cesar Mansur Andréa Matteucci Pinotti Ricardo Nuno Delgado Gonçalves Atilio Luiz Magila Albiero Junior Ricardo Urquijo Lazcano Badi Maani Shaikhzadeh Rodnei Bernardino de Souza Bruno Machado Ferreira Rodrigo Jorge Dantas de Oliveira Carlos Augusto Salamonde Rodrigo Luís Rosa Couto Carlos Eduardo Mori Peyser Rodrigo Rodrigues Baia Carlos Henrique Donegá Aidar Rogerio Vasconcelos Costa Carlos Rodrigo Formigari Rubens Luiz dos Santos Henriques Cesar Ming Pereira da Silva Sergio Mychkis Goldstein Cesar Padovan Tatiana Grecco Cintia Carbonieri Fleury de Camargo Thales Ferreira Silva Claudio César Sanches Thiago Luiz Charnet Ellero Cláudio José Coutinho Arromatte Valéria Aparecida Marretto Cristiane Magalhães Teixeira Portella Vanessa Lopes Reisner Cristiano Guimarães Duarte Wagner Bettini Sanches (1) Elected at the ESM of 05/28/2019, awaiting approval from BACEN. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 49

ITAÚ UNIBANCO HOLDING S.A. Consolidated Balance Sheet (Note 2a) (In thousands of Reais) Assets Note 06/30/2019 06/30/2018 Current assets 1 ,217,770,221 1 ,092,054,413 Cash 0 3 3,241,590 2 5,401,913 Interbank investments 3b and 4 2 82,787,440 2 76,207,374 Money market 0 2 52,115,664 2 49,976,996 Money market – Assets Guaranteeing Technical Provisions 8b 2 ,260,559 3 ,471,309 Interbank deposits 0 2 8,411,217 2 2,759,069 Securities and derivative financial instruments 3c, 3d and 5 3 30,050,794 3 20,190,798 Own portfolio 0 8 0,014,911 7 9,331,127 Subject to repurchase commitments 0 2 4,579,272 2 9,742,056 Pledged in guarantee 0 6 ,593,434 6 ,408,235 Securities under resale agreements with free movement 0 3 ,235,410 5 00,925 Deposited with the Central Bank of Brazil 0 3 ,055,866 7 ,453,239 Derivative financial instruments 0 1 2,057,305 1 6,408,910 Assets guaranteeing technical provisions 8b 2 00,514,596 1 80,346,306 Interbank accounts 0 134,370,483 1 19,546,512 Pending settlement 0 4 2,141,483 3 4,354,460 Central Bank of Brazil deposits 0 9 1,851,433 8 4,799,879 National Housing System (SFH) 0 2 ,278 5 ,984 Correspondents 0 4 2,744 2 4,255 Interbank onlending 0 3 32,545 3 61,934 Interbranch accounts 0 3 39,268 2 69,659 Loan, lease and other credit operations 6 292,931,897 2 54,611,505 Operations with credit granting characteristics 3e 3 09,984,909 2 70,540,664 (Allowance for loan losses) 3f ( 17,053,012) ( 15,929,159) Other receivables 10a 141,578,945 9 3,615,822 Other assets 3g 2,469,804 2,210,830 Assets held for sale 0 1 ,444,683 1 ,334,116 (Valuation allowance) 0 ( 689,428) ( 602,402) Unearned reinsurance premiums 6 ,047 8 ,410 Prepaid expenses 3g and 10c 1 ,708,502 1 ,470,706 Long term receivables 0 4 26,295,697 4 22,630,457 Interbank investments 3b and 4 1 ,993,124 1 ,257,351 Money market 0 3 17,995 2 87,706 Interbank deposits 0 1 ,675,129 9 69,645 Securities and derivative financial instruments 3c, 3d and 5 1 43,556,748 1 29,271,168 Own portfolio 0 7 6,655,645 4 5,862,109 Subject to repurchase commitments 0 2 0,613,830 2 4,018,759 Pledged in guarantee 0 1 ,719,840 7 ,881,665 Securities under resale agreements with free movement 0 1 4,762,773 3 0,975,783 Deposited with the Central Bank of Brazil 5 70,477 7 55,160 Derivative financial instruments 0 1 9,011,148 1 1,323,327 Assets guaranteeing technical provisions 8b 1 0,223,035 8 ,454,365 Interbank accounts 0 3 1,530 4 6,515 Pending settlement 2 7,143 4 2,348 National Housing System (SFH) 4 ,387 4 ,167 Loan, lease and other credit operations 6 2 28,024,801 2 29,589,891 Operations with credit granting characteristics 3e 2 42,923,791 2 47,969,060 (Allowance for loan losses) 3f ( 14,898,990) ( 18,379,169) Other receivables 10a 5 2,338,816 6 1,955,724 Other assets - Prepaid Expenses 3g and 10c 3 50,678 5 09,808 Permanent assets 0 3 4,312,253 2 7,999,220 Investments 3h 1 3,192,309 5 ,373,124 Investments in associates and jointly controlled entities 0 1 2,908,532 5 ,057,337 Other investments 0 4 92,527 5 24,635 (Allowance for losses) 0 ( 208,750) ( 208,848) Real estate in use 3i and 12b l 6 ,347,572 6 ,280,373 Real estate in use 0 4 ,160,510 4 ,329,796 Other fixed assets 0 1 4,158,393 1 3,619,430 (Accumulated depreciation) 0 ( 11,971,331) ( 11,668,853) Goodwill and Intangible assets 3j, 3k and 12b ll 1 4,772,372 1 6,345,723 Goodwill 0 1 ,158,997 1 ,369,556 Intangible assets 0 2 4,623,659 2 3,558,810 (Accumulated amortization) 0 ( 11,010,284) ( 8,582,643) Total assets 1 ,678,378,171 1 ,542,684,090 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 50 ITAÚ UNIBANCO HOLDING S.A. Consolidated Balance Sheet (Note 2a) (In thousands of Reais) Assets Note 06/30/2019 06/30/2018 Current assets 1 ,217,770,221 1 ,092,054,413 Cash 0 3 3,241,590 2 5,401,913 Interbank investments 3b and 4 2 82,787,440 2 76,207,374 Money market 0 2 52,115,664 2 49,976,996 Money market – Assets Guaranteeing Technical Provisions 8b 2 ,260,559 3 ,471,309 Interbank deposits 0 2 8,411,217 2 2,759,069 Securities and derivative financial instruments 3c, 3d and 5 3 30,050,794 3 20,190,798 Own portfolio 0 8 0,014,911 7 9,331,127 Subject to repurchase commitments 0 2 4,579,272 2 9,742,056 Pledged in guarantee 0 6 ,593,434 6 ,408,235 Securities under resale agreements with free movement 0 3 ,235,410 5 00,925 Deposited with the Central Bank of Brazil 0 3 ,055,866 7 ,453,239 Derivative financial instruments 0 1 2,057,305 1 6,408,910 Assets guaranteeing technical provisions 8b 2 00,514,596 1 80,346,306 Interbank accounts 0 134,370,483 1 19,546,512 Pending settlement 0 4 2,141,483 3 4,354,460 Central Bank of Brazil deposits 0 9 1,851,433 8 4,799,879 National Housing System (SFH) 0 2 ,278 5 ,984 Correspondents 0 4 2,744 2 4,255 Interbank onlending 0 3 32,545 3 61,934 Interbranch accounts 0 3 39,268 2 69,659 Loan, lease and other credit operations 6 292,931,897 2 54,611,505 Operations with credit granting characteristics 3e 3 09,984,909 2 70,540,664 (Allowance for loan losses) 3f ( 17,053,012) ( 15,929,159) Other receivables 10a 141,578,945 9 3,615,822 Other assets 3g 2,469,804 2,210,830 Assets held for sale 0 1 ,444,683 1 ,334,116 (Valuation allowance) 0 ( 689,428) ( 602,402) Unearned reinsurance premiums 6 ,047 8 ,410 Prepaid expenses 3g and 10c 1 ,708,502 1 ,470,706 Long term receivables 0 4 26,295,697 4 22,630,457 Interbank investments 3b and 4 1 ,993,124 1 ,257,351 Money market 0 3 17,995 2 87,706 Interbank deposits 0 1 ,675,129 9 69,645 Securities and derivative financial instruments 3c, 3d and 5 1 43,556,748 1 29,271,168 Own portfolio 0 7 6,655,645 4 5,862,109 Subject to repurchase commitments 0 2 0,613,830 2 4,018,759 Pledged in guarantee 0 1 ,719,840 7 ,881,665 Securities under resale agreements with free movement 0 1 4,762,773 3 0,975,783 Deposited with the Central Bank of Brazil 5 70,477 7 55,160 Derivative financial instruments 0 1 9,011,148 1 1,323,327 Assets guaranteeing technical provisions 8b 1 0,223,035 8 ,454,365 Interbank accounts 0 3 1,530 4 6,515 Pending settlement 2 7,143 4 2,348 National Housing System (SFH) 4 ,387 4 ,167 Loan, lease and other credit operations 6 2 28,024,801 2 29,589,891 Operations with credit granting characteristics 3e 2 42,923,791 2 47,969,060 (Allowance for loan losses) 3f ( 14,898,990) ( 18,379,169) Other receivables 10a 5 2,338,816 6 1,955,724 Other assets - Prepaid Expenses 3g and 10c 3 50,678 5 09,808 Permanent assets 0 3 4,312,253 2 7,999,220 Investments 3h 1 3,192,309 5 ,373,124 Investments in associates and jointly controlled entities 0 1 2,908,532 5 ,057,337 Other investments 0 4 92,527 5 24,635 (Allowance for losses) 0 ( 208,750) ( 208,848) Real estate in use 3i and 12b l 6 ,347,572 6 ,280,373 Real estate in use 0 4 ,160,510 4 ,329,796 Other fixed assets 0 1 4,158,393 1 3,619,430 (Accumulated depreciation) 0 ( 11,971,331) ( 11,668,853) Goodwill and Intangible assets 3j, 3k and 12b ll 1 4,772,372 1 6,345,723 Goodwill 0 1 ,158,997 1 ,369,556 Intangible assets 0 2 4,623,659 2 3,558,810 (Accumulated amortization) 0 ( 11,010,284) ( 8,582,643) Total assets 1 ,678,378,171 1 ,542,684,090 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 50

ITAÚ UNIBANCO HOLDING S.A. Consolidated Balance Sheet (Note 2a) (In thousands of Reais) Liabilities Note 06/30/2019 06/30/2018 Current liabilities 9 52,524,622 8 05,374,848 Deposits 3b and 7b 3 15,825,995 2 83,825,616 Demand deposits - 7 3,352,489 7 0,645,868 Savings deposits - 1 37,568,103 1 27,341,701 Interbank deposits - 1 ,586,210 2 ,790,566 Time deposits - 1 03,316,095 8 3,044,833 Other deposits - 3 ,098 2 ,648 Deposits received under securities repurchase agreements 3b and 7c 2 65,962,898 2 41,472,806 Own portfolio - 5 0,974,875 7 4,556,877 Third-party portfolio - 2 05,004,708 1 55,282,912 Free portfolio - 9 ,983,315 1 1,633,017 Funds from acceptances and issuance of securities 3b and 7d 5 9,824,969 4 4,385,379 Real estate, mortgage, credit and similar notes - 4 2,997,605 3 4,513,491 Foreign borrowing through securities - 1 6,312,191 6 ,436,483 Structured operations certificates 5 15,173 3 ,435,405 Interbank accounts - 4 8,254,532 3 7,469,550 Pending settlement - 4 6,211,603 3 5,803,171 Correspondents - 2 ,042,929 1 ,666,379 Interbranch accounts - 6 ,988,343 5 ,401,054 Third-party funds in transit - 6,979,330 5 ,376,457 Internal transfer of funds - 9 ,013 2 4,597 Borrowing and onlending 3b and 7e 5 6,531,636 3 9,738,844 Borrowing - 5 0,691,416 3 3,012,084 Onlending - 5,840,220 6 ,726,760 Derivative financial instruments 3d and 5f 1 2,354,575 1 7,948,408 Technical provision for insurance, pension plan and capitalization 3m and 8a 6,905,471 3 ,292,827 Other liabilities - 1 79,876,203 1 31,840,364 Subordinated debt 7f 3,952,351 5 ,072,214 Sundry 10d 1 75,923,852 1 26,768,150 Long term liabilities - 5 84,995,554 5 99,633,186 Deposits 3b and 7b 1 47,433,094 1 42,769,809 Interbank deposits - 228,225 5 2,454 Time deposits - 1 47,204,869 1 42,717,355 Deposits received under securities repurchase agreements 3b and 7c 5 0,580,233 7 4,081,096 Own portfolio - 4 ,371,163 1 2,728,076 Free portfolio - 4 6,209,070 6 1,353,020 Funds from acceptances and issuance of securities 3b and 7d 6 5,511,217 7 0,623,052 Real estate, mortgage, credit and similar notes - 3 4,433,585 3 2,633,622 Foreign borrowing through securities - 3 0,200,415 3 7,031,786 Structured Operations Certificates 8 77,217 9 57,644 Borrowing and onlending 3b and 7e 1 6,256,583 2 2,133,636 Borrowing - 7,482,284 8 ,639,624 Onlending - 8,774,299 1 3,494,012 Derivative financial instruments 3d and 5f 2 3,300,621 1 3,706,211 Technical provision for insurance, pension plan and capitalization 3m and 8a 2 04,999,966 1 88,471,714 Other liabilities - 7 6,913,840 8 7,847,668 Subordinated debt 7f 3 7,246,901 4 1,189,311 Debt instruments eligible as capital 7f 1 0,768,636 7 ,663,805 Sundry 10d 2 8,898,303 3 8,994,552 Deferred income 3q 2 ,605,560 2 ,678,023 Capital - 9 7,148,000 9 7,148,000 Capital reserves - 1 ,713,439 1 ,586,364 Revenue reserves - 3 0,176,023 2 8,892,966 Asset valuation adjustment 3c, 3d and 13e ( 1,975,455) ( 3,891,887) (Treasury shares) - ( 1,324,969) ( 1,977,732) Total stockholders' equity of controlling shareholders 13 1 25,737,038 1 21,757,711 Non-controlling interests 13f 1 2,515,397 1 3,240,322 Total stockholders' equity 1 38,252,435 1 34,998,033 Total liabilities and stockholders' equity 1 ,678,378,171 1 ,542,684,090 The accompanying notes are an integral part of these financial statements Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 51 ITAÚ UNIBANCO HOLDING S.A. Consolidated Balance Sheet (Note 2a) (In thousands of Reais) Liabilities Note 06/30/2019 06/30/2018 Current liabilities 9 52,524,622 8 05,374,848 Deposits 3b and 7b 3 15,825,995 2 83,825,616 Demand deposits - 7 3,352,489 7 0,645,868 Savings deposits - 1 37,568,103 1 27,341,701 Interbank deposits - 1 ,586,210 2 ,790,566 Time deposits - 1 03,316,095 8 3,044,833 Other deposits - 3 ,098 2 ,648 Deposits received under securities repurchase agreements 3b and 7c 2 65,962,898 2 41,472,806 Own portfolio - 5 0,974,875 7 4,556,877 Third-party portfolio - 2 05,004,708 1 55,282,912 Free portfolio - 9 ,983,315 1 1,633,017 Funds from acceptances and issuance of securities 3b and 7d 5 9,824,969 4 4,385,379 Real estate, mortgage, credit and similar notes - 4 2,997,605 3 4,513,491 Foreign borrowing through securities - 1 6,312,191 6 ,436,483 Structured operations certificates 5 15,173 3 ,435,405 Interbank accounts - 4 8,254,532 3 7,469,550 Pending settlement - 4 6,211,603 3 5,803,171 Correspondents - 2 ,042,929 1 ,666,379 Interbranch accounts - 6 ,988,343 5 ,401,054 Third-party funds in transit - 6,979,330 5 ,376,457 Internal transfer of funds - 9 ,013 2 4,597 Borrowing and onlending 3b and 7e 5 6,531,636 3 9,738,844 Borrowing - 5 0,691,416 3 3,012,084 Onlending - 5,840,220 6 ,726,760 Derivative financial instruments 3d and 5f 1 2,354,575 1 7,948,408 Technical provision for insurance, pension plan and capitalization 3m and 8a 6,905,471 3 ,292,827 Other liabilities - 1 79,876,203 1 31,840,364 Subordinated debt 7f 3,952,351 5 ,072,214 Sundry 10d 1 75,923,852 1 26,768,150 Long term liabilities - 5 84,995,554 5 99,633,186 Deposits 3b and 7b 1 47,433,094 1 42,769,809 Interbank deposits - 228,225 5 2,454 Time deposits - 1 47,204,869 1 42,717,355 Deposits received under securities repurchase agreements 3b and 7c 5 0,580,233 7 4,081,096 Own portfolio - 4 ,371,163 1 2,728,076 Free portfolio - 4 6,209,070 6 1,353,020 Funds from acceptances and issuance of securities 3b and 7d 6 5,511,217 7 0,623,052 Real estate, mortgage, credit and similar notes - 3 4,433,585 3 2,633,622 Foreign borrowing through securities - 3 0,200,415 3 7,031,786 Structured Operations Certificates 8 77,217 9 57,644 Borrowing and onlending 3b and 7e 1 6,256,583 2 2,133,636 Borrowing - 7,482,284 8 ,639,624 Onlending - 8,774,299 1 3,494,012 Derivative financial instruments 3d and 5f 2 3,300,621 1 3,706,211 Technical provision for insurance, pension plan and capitalization 3m and 8a 2 04,999,966 1 88,471,714 Other liabilities - 7 6,913,840 8 7,847,668 Subordinated debt 7f 3 7,246,901 4 1,189,311 Debt instruments eligible as capital 7f 1 0,768,636 7 ,663,805 Sundry 10d 2 8,898,303 3 8,994,552 Deferred income 3q 2 ,605,560 2 ,678,023 Capital - 9 7,148,000 9 7,148,000 Capital reserves - 1 ,713,439 1 ,586,364 Revenue reserves - 3 0,176,023 2 8,892,966 Asset valuation adjustment 3c, 3d and 13e ( 1,975,455) ( 3,891,887) (Treasury shares) - ( 1,324,969) ( 1,977,732) Total stockholders' equity of controlling shareholders 13 1 25,737,038 1 21,757,711 Non-controlling interests 13f 1 2,515,397 1 3,240,322 Total stockholders' equity 1 38,252,435 1 34,998,033 Total liabilities and stockholders' equity 1 ,678,378,171 1 ,542,684,090 The accompanying notes are an integral part of these financial statements Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 51

ITAÚ UNIBANCO HOLDING S.A. Consolidated Statement of Income (Note 2a) (In thousands of Reais) 01/01 to 01/01 to Note 06/30/2019 06/30/2018 Income related to financial operations 73,847,848 70,065,244 Loan, lease and other credit operations - 39,307,294 3 7,372,466 Securities and derivative financial instruments - 2 1,038,798 2 4,092,995 Financial income related to insurance, pension plan and capitalization operations 8c 9,454,251 4 ,357,779 Foreign exchange operations - 1 ,575,847 1,711,284 Compulsory deposits - 2 ,471,658 2 ,530,720 Expenses related to financial operations - (39,067,036) (44,055,926) Money market - (2 6,867,021) (3 2,950,970) Financial expenses on technical provisions for insurance, pension plan and capitalization 8c (9 ,108,987) (4 ,074,058) Borrowing and onlending 7e (3 ,091,028) (7 ,030,898) Income related to financial operations before loan and losses - 34,780,812 26,009,318 Result of allowance for loan losses 6 (6,879,630) (5,842,830) Expenses for allowance for loan losses - (8,415,726) (7 ,545,575) Income related to recovery of credits written off as loss - 1 ,536,096 1,702,745 Gross income related to financial operations - 27,901,182 20,166,488 Other operating revenues (expenses) - (7,576,035) (7,235,784) Banking service fees 10e 12,801,577 12,601,341 Income related to bank charges 10f 6 ,499,431 6,239,084 Result from insurance, pension plan and capitalization operations 8c 1 ,740,463 1 ,872,137 Personnel expenses 10g (11,993,062) (11,331,252) Other administrative expenses 10h (9 ,841,026) (9 ,561,475) Tax expenses 3p and 11a II (3 ,783,043) (2 ,976,027) Equity in earnings of affiliates, jointly controlled entities and other investments 6 08,960 2 79,812 Other operating revenues 7 06,115 453,748 Other operating expenses 10i (4,315,450) (4,813,152) Operating income - 20,325,147 12,930,704 Non-operating income (5 18) 19,879 Income before taxes on income and profit sharing - 20,324,629 12,950,583 Income tax and social contribution 3p and 11a I (6,369,891) (173,800) Due on operations for the period - (4 ,649,924) (4 ,304,805) Related to temporary differences - (1 ,719,967) 4 ,131,005 Profit sharing – Management Members - Statutory - (172,827) (104,253) Non-controlling interests 13f (257,298) (1 48,122) Net income 13,524,613 12,524,408 Weighted average of the number of outstanding shares 13a 9,735,865,905 9,720,158,090 Net income per share – R$ 1.39 1 .29 Book value per share - R$ (outstanding at 06/30) 1 2.91 12.54 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 52 ITAÚ UNIBANCO HOLDING S.A. Consolidated Statement of Income (Note 2a) (In thousands of Reais) 01/01 to 01/01 to Note 06/30/2019 06/30/2018 Income related to financial operations 73,847,848 70,065,244 Loan, lease and other credit operations - 39,307,294 3 7,372,466 Securities and derivative financial instruments - 2 1,038,798 2 4,092,995 Financial income related to insurance, pension plan and capitalization operations 8c 9,454,251 4 ,357,779 Foreign exchange operations - 1 ,575,847 1,711,284 Compulsory deposits - 2 ,471,658 2 ,530,720 Expenses related to financial operations - (39,067,036) (44,055,926) Money market - (2 6,867,021) (3 2,950,970) Financial expenses on technical provisions for insurance, pension plan and capitalization 8c (9 ,108,987) (4 ,074,058) Borrowing and onlending 7e (3 ,091,028) (7 ,030,898) Income related to financial operations before loan and losses - 34,780,812 26,009,318 Result of allowance for loan losses 6 (6,879,630) (5,842,830) Expenses for allowance for loan losses - (8,415,726) (7 ,545,575) Income related to recovery of credits written off as loss - 1 ,536,096 1,702,745 Gross income related to financial operations - 27,901,182 20,166,488 Other operating revenues (expenses) - (7,576,035) (7,235,784) Banking service fees 10e 12,801,577 12,601,341 Income related to bank charges 10f 6 ,499,431 6,239,084 Result from insurance, pension plan and capitalization operations 8c 1 ,740,463 1 ,872,137 Personnel expenses 10g (11,993,062) (11,331,252) Other administrative expenses 10h (9 ,841,026) (9 ,561,475) Tax expenses 3p and 11a II (3 ,783,043) (2 ,976,027) Equity in earnings of affiliates, jointly controlled entities and other investments 6 08,960 2 79,812 Other operating revenues 7 06,115 453,748 Other operating expenses 10i (4,315,450) (4,813,152) Operating income - 20,325,147 12,930,704 Non-operating income (5 18) 19,879 Income before taxes on income and profit sharing - 20,324,629 12,950,583 Income tax and social contribution 3p and 11a I (6,369,891) (173,800) Due on operations for the period - (4 ,649,924) (4 ,304,805) Related to temporary differences - (1 ,719,967) 4 ,131,005 Profit sharing – Management Members - Statutory - (172,827) (104,253) Non-controlling interests 13f (257,298) (1 48,122) Net income 13,524,613 12,524,408 Weighted average of the number of outstanding shares 13a 9,735,865,905 9,720,158,090 Net income per share – R$ 1.39 1 .29 Book value per share - R$ (outstanding at 06/30) 1 2.91 12.54 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 52

ITAÚ UNIBANCO HOLDING S.A. Consolidated Statement of Cash Flows (In thousands of Reais) 01/01 to 01/01 to Note 06/30/2019 06/30/2018 Adjusted net income 30,964,614 22,517,022 Net income 13,524,613 12,524,408 Adjustments to net income: 17,440,001 9,992,614 Share-based payment (404,103) (385,948) Adjustment to market value of securities and derivative financial instruments (assets / liabilities) 1,139,255 321,438 Effects of changes in exchange rates on cash and cash equivalents 1,207,598 (2,283,954) Allowance for loan losses 6c 8,415,726 7,545,575 Interest and foreign exchange expenses related to operations with subordinated debt 1,146,790 7,335,550 Change in technical provisions for pension plan and capitalization 8c 6,749,703 4,074,058 Depreciation and amortization 2,221,752 2,056,924 Interest expenses related to provision for contingent and legal liabilities 9b 584,750 505,540 Provision for contingent and legal liabilities 9b 846,057 1,084,122 Interest income related to escrow deposits 9b (101,208) (82,839) Deferred taxes (excluding hedge tax effects) 1,576,367 3,342,573 Equity in earnings of affiliates, jointly controlled entities and other investments (608,960) (279,812) Income from foreign exchange income related to available-for-sale securities (3,861,117) (9,377,621) Income from foreign exchange income related to held-to-maturity securities (1,114,543) (3,155,722) Income from sale of available-for-sale financial assets (638,793) (319,774) Income from sale of investments, assets held for sale and fixed assets 47,292 67,998 Non-controlling interests 13f 257,298 148,122 Other (23,863) (603,616) Change in assets and liabilities (50,151,861) (15,498,475) (Increase) decrease in assets (44,596,527) (26,393,789) Interbank investments (17,706,175) (12,099,444) Securities and derivative financial instruments (assets / liabilities) 4,206,036 262,398 Compulsory deposits with the Central Bank of Brazil 2,296,809 14,037,062 Interbank and interbranch accounts (assets / liabilities) 4,117,981 2,637,081 Loan, lease and other credit operations (30,198,315) (33,730,535) Other receivables and other assets (7,312,863) 2,499,649 (Decrease) increase in liabilities (5,555,334) 10,895,314 Deposits (165,288) 23,657,518 Deposits received under securities repurchase agreements (26,693,331) (8,356,104) Funds for issuance of securities 13,770,264 7,427,407 Borrowing and onlending 4,841,027 (1,568,560) Technical provision for insurance, pension plan and capitalization 1,699,339 3,917,521 Other liabilities 3,884,810 (11,836,421) Deferred income (19,426) 244,553 Payment of income tax and social contribution (2,872,729) (2,590,600) Net cash provided by (used in) operating activities (19,187,247) 7,018,547 Dividends / Interest on capital received from associates and jointly controlled entities 461,427 373,427 Funds received from sale of available-for-sale securities 10,870,340 8,290,170 Funds received from redemption of held-to-maturity securities 3,222,449 11,666,626 (Purchase)/Disposal of Assets held for sale 156,046 64,385 Disposal of investments 81,172 94,636 Sale of fixed assets 62,635 47,417 Termination of intangible asset agreements 55,071 1,458 (Purchase) of available-for-sale securities (18,769,073) (7,958,592) (Purchase) of held-to-maturity securities (73,280) (533,446) (Purchase) of investments (9,873) (15,974) (Purchase) of fixed assets 12b I (770,602) (516,772) (Purchase) of intangible assets 12b II (1,198,786) (642,572) Net cash provided by (used in) investment activities (5,912,474) 10,870,763 Increase in subordinated debt 3,050,000 2,891,850 Decrease in subordinated debt (1,541,626) (8,997,945) Change in non-controlling interests 117,225 1,174,193 Granting of stock options 689,207 979,623 Purchase of treasury shares 13a - (510,308) Dividends and interest on capital paid to non-controlling interests (226,188) (95,727) Dividends and interest on capital paid (17,370,555) (14,851,252) Net cash provided by (used in) financing activities (15,281,937) (19,409,566) Net increase (decrease) in cash and cash equivalents (40,381,657) (1,520,256) Cash and cash equivalents at the beginning of the period 100,901,960 71,235,353 Effects of changes in exchange rates on cash and cash equivalents (1,207,598) 2,283,954 Cash and cash equivalents at the end of the period 3a 59,312,705 71,999,051 Cash 33,241,590 25,401,913 Interbank deposits 7,260,438 3,207,000 Securities purchased under agreements to resell - Funded position 18,810,677 43,390,138 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 53 ITAÚ UNIBANCO HOLDING S.A. Consolidated Statement of Cash Flows (In thousands of Reais) 01/01 to 01/01 to Note 06/30/2019 06/30/2018 Adjusted net income 30,964,614 22,517,022 Net income 13,524,613 12,524,408 Adjustments to net income: 17,440,001 9,992,614 Share-based payment (404,103) (385,948) Adjustment to market value of securities and derivative financial instruments (assets / liabilities) 1,139,255 321,438 Effects of changes in exchange rates on cash and cash equivalents 1,207,598 (2,283,954) Allowance for loan losses 6c 8,415,726 7,545,575 Interest and foreign exchange expenses related to operations with subordinated debt 1,146,790 7,335,550 Change in technical provisions for pension plan and capitalization 8c 6,749,703 4,074,058 Depreciation and amortization 2,221,752 2,056,924 Interest expenses related to provision for contingent and legal liabilities 9b 584,750 505,540 Provision for contingent and legal liabilities 9b 846,057 1,084,122 Interest income related to escrow deposits 9b (101,208) (82,839) Deferred taxes (excluding hedge tax effects) 1,576,367 3,342,573 Equity in earnings of affiliates, jointly controlled entities and other investments (608,960) (279,812) Income from foreign exchange income related to available-for-sale securities (3,861,117) (9,377,621) Income from foreign exchange income related to held-to-maturity securities (1,114,543) (3,155,722) Income from sale of available-for-sale financial assets (638,793) (319,774) Income from sale of investments, assets held for sale and fixed assets 47,292 67,998 Non-controlling interests 13f 257,298 148,122 Other (23,863) (603,616) Change in assets and liabilities (50,151,861) (15,498,475) (Increase) decrease in assets (44,596,527) (26,393,789) Interbank investments (17,706,175) (12,099,444) Securities and derivative financial instruments (assets / liabilities) 4,206,036 262,398 Compulsory deposits with the Central Bank of Brazil 2,296,809 14,037,062 Interbank and interbranch accounts (assets / liabilities) 4,117,981 2,637,081 Loan, lease and other credit operations (30,198,315) (33,730,535) Other receivables and other assets (7,312,863) 2,499,649 (Decrease) increase in liabilities (5,555,334) 10,895,314 Deposits (165,288) 23,657,518 Deposits received under securities repurchase agreements (26,693,331) (8,356,104) Funds for issuance of securities 13,770,264 7,427,407 Borrowing and onlending 4,841,027 (1,568,560) Technical provision for insurance, pension plan and capitalization 1,699,339 3,917,521 Other liabilities 3,884,810 (11,836,421) Deferred income (19,426) 244,553 Payment of income tax and social contribution (2,872,729) (2,590,600) Net cash provided by (used in) operating activities (19,187,247) 7,018,547 Dividends / Interest on capital received from associates and jointly controlled entities 461,427 373,427 Funds received from sale of available-for-sale securities 10,870,340 8,290,170 Funds received from redemption of held-to-maturity securities 3,222,449 11,666,626 (Purchase)/Disposal of Assets held for sale 156,046 64,385 Disposal of investments 81,172 94,636 Sale of fixed assets 62,635 47,417 Termination of intangible asset agreements 55,071 1,458 (Purchase) of available-for-sale securities (18,769,073) (7,958,592) (Purchase) of held-to-maturity securities (73,280) (533,446) (Purchase) of investments (9,873) (15,974) (Purchase) of fixed assets 12b I (770,602) (516,772) (Purchase) of intangible assets 12b II (1,198,786) (642,572) Net cash provided by (used in) investment activities (5,912,474) 10,870,763 Increase in subordinated debt 3,050,000 2,891,850 Decrease in subordinated debt (1,541,626) (8,997,945) Change in non-controlling interests 117,225 1,174,193 Granting of stock options 689,207 979,623 Purchase of treasury shares 13a - (510,308) Dividends and interest on capital paid to non-controlling interests (226,188) (95,727) Dividends and interest on capital paid (17,370,555) (14,851,252) Net cash provided by (used in) financing activities (15,281,937) (19,409,566) Net increase (decrease) in cash and cash equivalents (40,381,657) (1,520,256) Cash and cash equivalents at the beginning of the period 100,901,960 71,235,353 Effects of changes in exchange rates on cash and cash equivalents (1,207,598) 2,283,954 Cash and cash equivalents at the end of the period 3a 59,312,705 71,999,051 Cash 33,241,590 25,401,913 Interbank deposits 7,260,438 3,207,000 Securities purchased under agreements to resell - Funded position 18,810,677 43,390,138 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 53

ITAÚ UNIBANCO HOLDING S.A. Consolidated Statement of Added Value (In thousands of Reais) 01/01 to 01/01 to Note 06/30/2019 06/30/2018 Income 8 8,715,286 85,408,603 Financial operations 73,847,848 70,065,244 Banking services 10e and f 19,301,008 18,840,425 Result from insurance, pension plan and capitalization operations 1 ,740,463 1,872,137 Result from loan losses 6 (6 ,879,630) (5,842,830) Other 7 05,597 473,627 Expenses (4 3,382,486) (48,869,078) Financial operations (39,067,036) (44,055,926) Other (4,315,450) (4 ,813,152) Inputs purchased from third parties (7 ,737,459) (7,492,439) Materials, energy and others 10h (1 69,411) (155,929) Third-party services 10h (2 ,245,012) (2,115,733) Other (5,323,036) (5,220,777) Data processing and telecommunications 10h (2,151,860) (2 ,063,418) Advertising, promotions and publication 10h (6 19,549) (653,483) Installations (9 25,142) (8 20,166) Transportation 10h (1 80,768) (167,430) Security 10h (3 81,848) (380,232) Travel expenses 10h (1 19,711) (1 07,217) Other (9 44,158) (1 ,028,831) Gross added value 37,595,341 2 9,047,086 Depreciation and amortization 10h (1 ,382,598) (1 ,276,260) Net added value produced by the company 36,212,743 2 7,770,826 Added value received through transfer - Equity income 6 08,960 2 79,812 Total added value to be distributed 3 6,821,703 2 8,050,638 Distribution of added value 3 6,821,703 2 8,050,638 Personnel 1 0,883,275 29.6% 10,138,868 36.1% Compensation 8 ,363,701 22.7% 7,739,410 27.6% Benefits 2 ,029,437 5.5% 1,934,365 6.9% FGTS – government severance pay fund 4 90,137 1.3% 465,093 1.7% Taxes, fees and contributions 1 1,435,548 31.1% 4,446,464 15.9% Federal 1 0,717,595 29.1% 3,728,468 13.3% State 17 0.0% 269 0.0% Municipal 7 17,936 1.9% 717,727 2.6% Return on third parties’ assets - Rent 7 20,969 2.0% 792,776 2.8% Return on own assets 1 3,781,911 37.4% 12,672,530 45.2% Dividends and interest on capital 8 ,542,791 23.6% 5,434,711 19.4% Retained earnings / (loss) attributable to controlling shareholders 4,981,822 13.2% 7,089,697 25.3% Retained earnings / (loss) attributable to non-controlling shareholders 2 57,298 0.7% 148,122 0.5% The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 54 ITAÚ UNIBANCO HOLDING S.A. Consolidated Statement of Added Value (In thousands of Reais) 01/01 to 01/01 to Note 06/30/2019 06/30/2018 Income 8 8,715,286 85,408,603 Financial operations 73,847,848 70,065,244 Banking services 10e and f 19,301,008 18,840,425 Result from insurance, pension plan and capitalization operations 1 ,740,463 1,872,137 Result from loan losses 6 (6 ,879,630) (5,842,830) Other 7 05,597 473,627 Expenses (4 3,382,486) (48,869,078) Financial operations (39,067,036) (44,055,926) Other (4,315,450) (4 ,813,152) Inputs purchased from third parties (7 ,737,459) (7,492,439) Materials, energy and others 10h (1 69,411) (155,929) Third-party services 10h (2 ,245,012) (2,115,733) Other (5,323,036) (5,220,777) Data processing and telecommunications 10h (2,151,860) (2 ,063,418) Advertising, promotions and publication 10h (6 19,549) (653,483) Installations (9 25,142) (8 20,166) Transportation 10h (1 80,768) (167,430) Security 10h (3 81,848) (380,232) Travel expenses 10h (1 19,711) (1 07,217) Other (9 44,158) (1 ,028,831) Gross added value 37,595,341 2 9,047,086 Depreciation and amortization 10h (1 ,382,598) (1 ,276,260) Net added value produced by the company 36,212,743 2 7,770,826 Added value received through transfer - Equity income 6 08,960 2 79,812 Total added value to be distributed 3 6,821,703 2 8,050,638 Distribution of added value 3 6,821,703 2 8,050,638 Personnel 1 0,883,275 29.6% 10,138,868 36.1% Compensation 8 ,363,701 22.7% 7,739,410 27.6% Benefits 2 ,029,437 5.5% 1,934,365 6.9% FGTS – government severance pay fund 4 90,137 1.3% 465,093 1.7% Taxes, fees and contributions 1 1,435,548 31.1% 4,446,464 15.9% Federal 1 0,717,595 29.1% 3,728,468 13.3% State 17 0.0% 269 0.0% Municipal 7 17,936 1.9% 717,727 2.6% Return on third parties’ assets - Rent 7 20,969 2.0% 792,776 2.8% Return on own assets 1 3,781,911 37.4% 12,672,530 45.2% Dividends and interest on capital 8 ,542,791 23.6% 5,434,711 19.4% Retained earnings / (loss) attributable to controlling shareholders 4,981,822 13.2% 7,089,697 25.3% Retained earnings / (loss) attributable to non-controlling shareholders 2 57,298 0.7% 148,122 0.5% The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 54

ITAÚ UNIBANCO HOLDING S.A. Balance Sheet (In thousands of Reais) Assets Note 06/30/2019 06/30/2018 Current assets 16,937,674 12,151,492 Cash - 18,392 636,018 Interbank investments 3b and 4 7,299,604 86,198 Money market - 3,454,683 86,198 Interbank deposits - 3,844,921 - Securities and derivative financial instruments 3c,3d and 5 6,250,242 10,069,637 Own portfolio - 6,201,273 10,004,677 Pledged in guarantee - - 64,960 Derivative Financial Instruments - 48,969 - Other receivables - 3,358,080 1,348,317 Income receivable 810,493 28,725 Deferred tax assets 11b I 879,337 459,441 Deposits in guarantee for contingent, provisions and legal obrigations 136 340 Sundry 1,668,114 859,811 Other assets – prepaid expenses 3g 11,356 11,322 Long term receivables - 37,186,243 75,601,863 Interbank investments – interbank deposits 3b and 4 34,083,476 70,034,925 Securities and derivative financial instruments - Derivative Financial Instruments 3c, 3d and 5 519,978 2,072,092 Other receivables 2,582,789 3,494,846 Deferred tax assets 11b I 450,427 1,648,859 Deposits in guarantee for contingent, provisions and legal obrigations 60,904 17,019 Sundry 2,071,458 1,828,968 Permanent assets - 121,077,134 105,166,362 Investments - Investments in subsidiaries 3h and 12a 121,076,926 105,166,115 Real estate in use 3i 208 247 Total assets 175,201,051 192,919,717 Liabilities Current liabilities 11,723,280 24,130,937 Deposits 3b and 7b 4,538,612 19,363,501 Demand deposits 4,538,612 13,510,406 Interbank deposits - 5,853,095 Funds from acceptance and issuance of securities 3b and 7d - 31,420 Derivative Financial Instruments 3d and 5f 50,700 2,008,975 Other liabilities - 7,133,968 2,727,041 Social and statutory 14b II 2,773,136 2,209,928 Tax and social security contributions 3n, 3p and 11c 463,444 416,843 Subordinated debt 7f 3,879,065 - Sundry 18,323 100,270 Long term liabilities 37,690,155 46,167,136 Deposits - Interbank deposits 3b and 7b - 7,509,763 Funds from acceptance and issuance of securities 3b and 7d 1,550 77,070 Derivative Financial Instruments 3d and 5f - 506 Other liabilities 37,688,605 38,579,797 Tax and social security contributions 3n, 3p and 11c 217,361 144,242 Subordinated debt 7f 26,500,120 30,551,819 Provisions civies and labor 202,488 199,807 Debt instruments eligible as capital 7f 10,768,636 7,663,805 Sundry - 20,124 Stockholders' equity 13 125,787,616 122,621,644 Capital - 97,148,000 97,148,000 Capital reserves 1,713,439 1,586,364 Revenue reserves - 28,206,603 27,063,438 Asset valuation adjustment 3c and 3d 44,543 (1,198,426) (Treasury shares) - (1,324,969) (1,977,732) Total liabilities - 175,201,051 192,919,717 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 55 ITAÚ UNIBANCO HOLDING S.A. Balance Sheet (In thousands of Reais) Assets Note 06/30/2019 06/30/2018 Current assets 16,937,674 12,151,492 Cash - 18,392 636,018 Interbank investments 3b and 4 7,299,604 86,198 Money market - 3,454,683 86,198 Interbank deposits - 3,844,921 - Securities and derivative financial instruments 3c,3d and 5 6,250,242 10,069,637 Own portfolio - 6,201,273 10,004,677 Pledged in guarantee - - 64,960 Derivative Financial Instruments - 48,969 - Other receivables - 3,358,080 1,348,317 Income receivable 810,493 28,725 Deferred tax assets 11b I 879,337 459,441 Deposits in guarantee for contingent, provisions and legal obrigations 136 340 Sundry 1,668,114 859,811 Other assets – prepaid expenses 3g 11,356 11,322 Long term receivables - 37,186,243 75,601,863 Interbank investments – interbank deposits 3b and 4 34,083,476 70,034,925 Securities and derivative financial instruments - Derivative Financial Instruments 3c, 3d and 5 519,978 2,072,092 Other receivables 2,582,789 3,494,846 Deferred tax assets 11b I 450,427 1,648,859 Deposits in guarantee for contingent, provisions and legal obrigations 60,904 17,019 Sundry 2,071,458 1,828,968 Permanent assets - 121,077,134 105,166,362 Investments - Investments in subsidiaries 3h and 12a 121,076,926 105,166,115 Real estate in use 3i 208 247 Total assets 175,201,051 192,919,717 Liabilities Current liabilities 11,723,280 24,130,937 Deposits 3b and 7b 4,538,612 19,363,501 Demand deposits 4,538,612 13,510,406 Interbank deposits - 5,853,095 Funds from acceptance and issuance of securities 3b and 7d - 31,420 Derivative Financial Instruments 3d and 5f 50,700 2,008,975 Other liabilities - 7,133,968 2,727,041 Social and statutory 14b II 2,773,136 2,209,928 Tax and social security contributions 3n, 3p and 11c 463,444 416,843 Subordinated debt 7f 3,879,065 - Sundry 18,323 100,270 Long term liabilities 37,690,155 46,167,136 Deposits - Interbank deposits 3b and 7b - 7,509,763 Funds from acceptance and issuance of securities 3b and 7d 1,550 77,070 Derivative Financial Instruments 3d and 5f - 506 Other liabilities 37,688,605 38,579,797 Tax and social security contributions 3n, 3p and 11c 217,361 144,242 Subordinated debt 7f 26,500,120 30,551,819 Provisions civies and labor 202,488 199,807 Debt instruments eligible as capital 7f 10,768,636 7,663,805 Sundry - 20,124 Stockholders' equity 13 125,787,616 122,621,644 Capital - 97,148,000 97,148,000 Capital reserves 1,713,439 1,586,364 Revenue reserves - 28,206,603 27,063,438 Asset valuation adjustment 3c and 3d 44,543 (1,198,426) (Treasury shares) - (1,324,969) (1,977,732) Total liabilities - 175,201,051 192,919,717 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 55

ITAÚ UNIBANCO HOLDING S.A. Statement of Income (In thousands of Reais) 01/01 to 01/01 to Note 06/30/2019 06/30/2018 Income related to financial operations 2 ,388,564 5,852,064 Securities and derivative financial instruments 0 2 ,388,564 5 ,852,064 Expenses related to financial operations 0 (1,094,006) (5,128,109) Money market (1,094,006) (5,128,109) Gross income related to financial operations 1 ,294,558 7 23,955 Other operating revenues (expenses) 0 1 1,936,533 7,617,120 Personnel expenses 0 (6 7,396) (58,759) Other administrative expenses 0 (7 2,266) (71,540) Tax expenses 11a II (203,189) (145,436) Equity in earnings of subsidiaries 12a 1 2,294,068 7 ,915,675 Other operating revenues (expenses) 0 (1 4,684) (2 2,820) Operating income 0 13,231,091 8,341,075 Non-operating income 0 - 1 1,052 Income before taxes on income and profit sharing 0 13,231,091 8 ,352,127 Income tax and social contribution 3p 286,873 1 ,594,574 Due on operations for the period (277,679) (167,805) Related to temporary differences 5 64,552 1,762,379 Profit sharing – Management Members - Statutory (13,181) (861) Net income 1 3,504,783 9,945,840 Weighted average of the number of outstanding shares 13a 9,735,865,905 9,720,158,090 Net income per share – R$ 1 .39 1 .02 Book value per share - R$ (outstanding at 06/30) 12.91 12.62 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 56 ITAÚ UNIBANCO HOLDING S.A. Statement of Income (In thousands of Reais) 01/01 to 01/01 to Note 06/30/2019 06/30/2018 Income related to financial operations 2 ,388,564 5,852,064 Securities and derivative financial instruments 0 2 ,388,564 5 ,852,064 Expenses related to financial operations 0 (1,094,006) (5,128,109) Money market (1,094,006) (5,128,109) Gross income related to financial operations 1 ,294,558 7 23,955 Other operating revenues (expenses) 0 1 1,936,533 7,617,120 Personnel expenses 0 (6 7,396) (58,759) Other administrative expenses 0 (7 2,266) (71,540) Tax expenses 11a II (203,189) (145,436) Equity in earnings of subsidiaries 12a 1 2,294,068 7 ,915,675 Other operating revenues (expenses) 0 (1 4,684) (2 2,820) Operating income 0 13,231,091 8,341,075 Non-operating income 0 - 1 1,052 Income before taxes on income and profit sharing 0 13,231,091 8 ,352,127 Income tax and social contribution 3p 286,873 1 ,594,574 Due on operations for the period (277,679) (167,805) Related to temporary differences 5 64,552 1,762,379 Profit sharing – Management Members - Statutory (13,181) (861) Net income 1 3,504,783 9,945,840 Weighted average of the number of outstanding shares 13a 9,735,865,905 9,720,158,090 Net income per share – R$ 1 .39 1 .02 Book value per share - R$ (outstanding at 06/30) 12.91 12.62 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 56

ITAÚ UNIBANCO HOLDING S.A. Statement of Changes in Stockholders’ Equity (Note 13) (In thousands of Reais) Capital Asset valuation Retained (Treasury Capital Revenue reserves Total reserves adjustment earnings shares) Balance at 01/01/2018 9 7,148,000 1 ,733,611 3 3,806,424 ( 1,437,328) - ( 2,742,767) 1 28,507,940 Purchase of treasury shares - - - - - ( 510,308) ( 510,308) Cancellation of shares – Meeting of the Board of Directors at February 22, 2018 - - ( 534,421) - - 5 34,421 - Result of delivery of treasure shares - 3 73,291 - - - 7 40,922 1 ,114,213 Recognition of stock-based payment plans - ( 520,538) - - - - ( 520,538) Payment of interest on capital on 03/07/2018 – declared after 12/31/2017 - R$ 2.1126 per share - - ( 13,672,862) - - - (13,672,862) Unclaimed dividends - - - - 2 ,175 - 2 ,175 Asset valuation adjustments: Change in adjustment to market value - - - ( 1,359,843) - - ( 1,359,843) Remeasurements in liabilities of post-employment benefits - - - ( 3,301) - - ( 3,301) Foreign exchange variation on investments abroad/ Hedge of net investment in foreign operations - - - 1 ,602,046 - - 1 ,602,046 Net income - - - - 9 ,945,840 - 9 ,945,840 Appropriations: Legal reserve - - 4 97,292 - ( 497,292) - - Statutory reserves - - 4 ,016,012 - ( 4,016,012) - - Dividends and interest on capital - - 2 ,950,993 - ( 5,434,711) - ( 2,483,718) Balance at 06/30/2018 97,148,000 1 ,586,364 2 7,063,438 ( 1,198,426) - ( 1,977,732) 1 22,621,644 Changes in the period - ( 147,247) ( 6,742,986) 2 38,902 - 7 65,035 ( 5,886,296) Balance at 01/01/2019 97,148,000 1 ,923,056 3 5,379,671 ( 767,956) - ( 1,819,690) 1 31,863,081 Result of delivery of treasure shares - 3 49,069 - - - 4 94,721 8 43,790 Recognition of stock-based payment plans - ( 558,686) - - - - ( 558,686) Payment of interest on capital on 03/07/2019 – declared after 12/31/2018 - R$ 1.8001 per share - - ( 17,500,313) - - - (17,500,313) Unclaimed dividends and Interest on capital - - - - 2 9,848 - 2 9,848 Asset valuation adjustments: Change in adjustment to market value - - - 1 ,189,250 - - 1 ,189,250 Remeasurements in liabilities of post-employment benefits - - - ( 63,693) - - ( 63,693) Foreign exchange variation on investments abroad / Hedge of net investment in foreign operations - - - ( 313,058) - - ( 313,058) Net income - - - - 13,504,783 - 1 3,504,783 Appropriations: Legal reserve - - 6 75,239 - ( 675,239) - - Statutory reserves - - 4 ,316,601 - ( 4,316,601) - - Dividends - - 5 ,335,405 - ( 8,542,791) - ( 3,207,386) Balance at 06/30/2019 9 7,148,000 1 ,713,439 2 8,206,603 4 4,543 - ( 1,324,969) 1 25,787,616 Changes in the period - ( 209,617) ( 7,173,068) 8 12,499 - 4 94,721 ( 6,075,465) The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 57 ITAÚ UNIBANCO HOLDING S.A. Statement of Changes in Stockholders’ Equity (Note 13) (In thousands of Reais) Capital Asset valuation Retained (Treasury Capital Revenue reserves Total reserves adjustment earnings shares) Balance at 01/01/2018 9 7,148,000 1 ,733,611 3 3,806,424 ( 1,437,328) - ( 2,742,767) 1 28,507,940 Purchase of treasury shares - - - - - ( 510,308) ( 510,308) Cancellation of shares – Meeting of the Board of Directors at February 22, 2018 - - ( 534,421) - - 5 34,421 - Result of delivery of treasure shares - 3 73,291 - - - 7 40,922 1 ,114,213 Recognition of stock-based payment plans - ( 520,538) - - - - ( 520,538) Payment of interest on capital on 03/07/2018 – declared after 12/31/2017 - R$ 2.1126 per share - - ( 13,672,862) - - - (13,672,862) Unclaimed dividends - - - - 2 ,175 - 2 ,175 Asset valuation adjustments: Change in adjustment to market value - - - ( 1,359,843) - - ( 1,359,843) Remeasurements in liabilities of post-employment benefits - - - ( 3,301) - - ( 3,301) Foreign exchange variation on investments abroad/ Hedge of net investment in foreign operations - - - 1 ,602,046 - - 1 ,602,046 Net income - - - - 9 ,945,840 - 9 ,945,840 Appropriations: Legal reserve - - 4 97,292 - ( 497,292) - - Statutory reserves - - 4 ,016,012 - ( 4,016,012) - - Dividends and interest on capital - - 2 ,950,993 - ( 5,434,711) - ( 2,483,718) Balance at 06/30/2018 97,148,000 1 ,586,364 2 7,063,438 ( 1,198,426) - ( 1,977,732) 1 22,621,644 Changes in the period - ( 147,247) ( 6,742,986) 2 38,902 - 7 65,035 ( 5,886,296) Balance at 01/01/2019 97,148,000 1 ,923,056 3 5,379,671 ( 767,956) - ( 1,819,690) 1 31,863,081 Result of delivery of treasure shares - 3 49,069 - - - 4 94,721 8 43,790 Recognition of stock-based payment plans - ( 558,686) - - - - ( 558,686) Payment of interest on capital on 03/07/2019 – declared after 12/31/2018 - R$ 1.8001 per share - - ( 17,500,313) - - - (17,500,313) Unclaimed dividends and Interest on capital - - - - 2 9,848 - 2 9,848 Asset valuation adjustments: Change in adjustment to market value - - - 1 ,189,250 - - 1 ,189,250 Remeasurements in liabilities of post-employment benefits - - - ( 63,693) - - ( 63,693) Foreign exchange variation on investments abroad / Hedge of net investment in foreign operations - - - ( 313,058) - - ( 313,058) Net income - - - - 13,504,783 - 1 3,504,783 Appropriations: Legal reserve - - 6 75,239 - ( 675,239) - - Statutory reserves - - 4 ,316,601 - ( 4,316,601) - - Dividends - - 5 ,335,405 - ( 8,542,791) - ( 3,207,386) Balance at 06/30/2019 9 7,148,000 1 ,713,439 2 8,206,603 4 4,543 - ( 1,324,969) 1 25,787,616 Changes in the period - ( 209,617) ( 7,173,068) 8 12,499 - 4 94,721 ( 6,075,465) The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 57

ITAÚ UNIBANCO HOLDING S.A. Statement of Cash Flows (In thousands of Reais) 01/01 to 01/01 to Note 06/30/2019 06/30/2018 Adjusted net income (2,300,402) 5,091,202 Net income 13,504,783 9,945,840 Adjustments to net income: (15,805,185) (4,854,638) Share-based payment (404,103) (385,948) Interest and foreign exchange expense related to operations with subordinated debt 772,775 5,177,555 Deferred taxes (564,552) (1,762,379) Equity in earnings of subsidiaries 12a (12,294,068) (7,915,675) Amortization of goodwill 22,579 25,747 Effects of changes in exchange rates on cash and cash equivalents (3,337,845) 6,050 Other 29 12 Change in assets and liabilities 10,355,519 22,381,974 (Increase)/decrease in interbank investments 27,054,152 12,531,341 (Increase)/decrease in securities and derivative financial instruments 6,009,605 5,954,780 (Increase)/decrease in other receivables and other assets 250,201 321,956 Increase/(decrease) in deposits (22,458,567) 3,954,419 Increase/(decrease) in funds for issuance of securities (5,067) (3,392,899) Increase/(decrease) in other liabilities (481,803) 3,031,063 Payment of income tax and social contribution (13,002) (18,686) Net cash provided by (used in) operating activities 8,055,117 27,473,176 Interest on capital end dividends received 3,150,894 2,124,963 (Purchase)/disposa\ sale of investments - (14,499,995) (Purchase) sale of fixed assets - (212) Net cash provided by (used in) investment activities 3,150,894 (12,375,244) Increase in subordinated debt 3,050,000 - Decrease in subordinated debt (1,086,212) (730,795) Granting of stock options 689,207 979,623 Purchase of treasury shares - (510,308) Dividends and interest on capital paid (17,370,555) (14,851,252) Net cash provided by (used in) financing activities (14,717,560) ( 15,112,732) Net increase/(decrease) in cash and cash equivalents (3,511,549) (14,800) Cash and cash equivalents at the beginning of the period 3,646,779 743,066 Effects of changes in exchange rates on cash and cash equivalents 3,337,845 (6,050) Cash and cash equivalents at the end of the period 3a 3,473,075 722,216 Cash 18,392 636,018 Securities purchased under agreements to resell - Funded position 3,454,683 86,198 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 58 ITAÚ UNIBANCO HOLDING S.A. Statement of Cash Flows (In thousands of Reais) 01/01 to 01/01 to Note 06/30/2019 06/30/2018 Adjusted net income (2,300,402) 5,091,202 Net income 13,504,783 9,945,840 Adjustments to net income: (15,805,185) (4,854,638) Share-based payment (404,103) (385,948) Interest and foreign exchange expense related to operations with subordinated debt 772,775 5,177,555 Deferred taxes (564,552) (1,762,379) Equity in earnings of subsidiaries 12a (12,294,068) (7,915,675) Amortization of goodwill 22,579 25,747 Effects of changes in exchange rates on cash and cash equivalents (3,337,845) 6,050 Other 29 12 Change in assets and liabilities 10,355,519 22,381,974 (Increase)/decrease in interbank investments 27,054,152 12,531,341 (Increase)/decrease in securities and derivative financial instruments 6,009,605 5,954,780 (Increase)/decrease in other receivables and other assets 250,201 321,956 Increase/(decrease) in deposits (22,458,567) 3,954,419 Increase/(decrease) in funds for issuance of securities (5,067) (3,392,899) Increase/(decrease) in other liabilities (481,803) 3,031,063 Payment of income tax and social contribution (13,002) (18,686) Net cash provided by (used in) operating activities 8,055,117 27,473,176 Interest on capital end dividends received 3,150,894 2,124,963 (Purchase)/disposa\ sale of investments - (14,499,995) (Purchase) sale of fixed assets - (212) Net cash provided by (used in) investment activities 3,150,894 (12,375,244) Increase in subordinated debt 3,050,000 - Decrease in subordinated debt (1,086,212) (730,795) Granting of stock options 689,207 979,623 Purchase of treasury shares - (510,308) Dividends and interest on capital paid (17,370,555) (14,851,252) Net cash provided by (used in) financing activities (14,717,560) ( 15,112,732) Net increase/(decrease) in cash and cash equivalents (3,511,549) (14,800) Cash and cash equivalents at the beginning of the period 3,646,779 743,066 Effects of changes in exchange rates on cash and cash equivalents 3,337,845 (6,050) Cash and cash equivalents at the end of the period 3a 3,473,075 722,216 Cash 18,392 636,018 Securities purchased under agreements to resell - Funded position 3,454,683 86,198 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 58

ITAÚ UNIBANCO HOLDING S.A. Statement of Added Value (In thousands of Reais) 01/01 to 01/01 to Note 06/30/2019 06/30/2018 Income 2,856,952 7,661,181 Financial operations 2,388,564 5,852,064 Other 468,388 1,809,117 Expenses (1,108,228) (5,143,016) Financial operations (1,094,006) (5,128,109) Other (14,222) (14,907) Inputs purchased from third parties (71,706) (71,165) Third-party services (17,610) (9,444) Advertising, promotions and publication (30,074) (22,197) Expenses for financial system services (14,153) (21,824) Other (9,869) (17,700) Gross added value 1,677,018 2,447,000 Deprecitation and amortization (22,608) (25,758) Net added value produced by the company 1,654,410 2,421,242 Added value received through transfer - Equity income 12a 12,294,068 7,915,675 Total added value to be distributed 13,948,478 10,336,917 Distribution of added value 13,948,478 10,336,917 Personnel 57,091 30,815 Compensation 55,051 29,170 Benefits 1,876 1,463 FGTS – government severance pay fund 164 182 Taxes, fees and contributions 386,044 359,887 Federal 386,044 359,367 Municipal - 520 Return on third parties’ assets - rent 560 375 Return on own assets 13,504,783 9,945,840 Dividends and interest on capital 8,542,791 5,434,711 Retained earnings for the period 4,961,992 4,511,129 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 59 ITAÚ UNIBANCO HOLDING S.A. Statement of Added Value (In thousands of Reais) 01/01 to 01/01 to Note 06/30/2019 06/30/2018 Income 2,856,952 7,661,181 Financial operations 2,388,564 5,852,064 Other 468,388 1,809,117 Expenses (1,108,228) (5,143,016) Financial operations (1,094,006) (5,128,109) Other (14,222) (14,907) Inputs purchased from third parties (71,706) (71,165) Third-party services (17,610) (9,444) Advertising, promotions and publication (30,074) (22,197) Expenses for financial system services (14,153) (21,824) Other (9,869) (17,700) Gross added value 1,677,018 2,447,000 Deprecitation and amortization (22,608) (25,758) Net added value produced by the company 1,654,410 2,421,242 Added value received through transfer - Equity income 12a 12,294,068 7,915,675 Total added value to be distributed 13,948,478 10,336,917 Distribution of added value 13,948,478 10,336,917 Personnel 57,091 30,815 Compensation 55,051 29,170 Benefits 1,876 1,463 FGTS – government severance pay fund 164 182 Taxes, fees and contributions 386,044 359,887 Federal 386,044 359,367 Municipal - 520 Return on third parties’ assets - rent 560 375 Return on own assets 13,504,783 9,945,840 Dividends and interest on capital 8,542,791 5,434,711 Retained earnings for the period 4,961,992 4,511,129 The accompanying notes are an integral part of these financial statements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 59

ITAÚ UNIBANCO HOLDING S.A. Notes to the Financial Statements Period from 01/01 to 06/30 of 2019 and 2018 (In thousands of Reais) Note 1 - Operations Itaú Unibanco Holding S.A. (ITAÚ UNIBANCO HOLDING) is a publicly-held company, organized and existing under the Laws of Brazil. The head office is located at Praça Alfredo Egydio de Souza Aranha, n° 100, in the city of São Paulo, state of São Paulo, Brazil. ITAÚ UNIBANCO HOLDING is present in 22 countries and territories and offers a wide variety of financial products and services to individual and corporate clients in Brazil and abroad, whether or not these clients are related to Brazil, through its branches, subsidiaries and international affiliates. It operates in all modalities of banking activities, by means of its portfolios: commercial; investment; mortgage loans; loans, financing and investment; lease and foreign exchange transactions. ITAÚ UNIBANCO HOLDING is a holding company controlled by Itaú Unibanco Participações S.A. (“IUPAR”), a holding company which owns 51.71% of our common shares, and which is jointly controlled by (i) Itaúsa Investimentos Itaú S.A. (“Itaúsa”), a holding company controlled by members of the Egydio de Souza Aranha family, and (ii) Companhia E. Johnston de Participações (“E. Johnston”), a holding company controlled by the Moreira Salles family. Itaúsa also directly holds 39.21% of ITAÚ UNIBANCO HOLDING common shares. These consolidated financial statements were approved by the Executive Board on July 29, 2019. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 60 ITAÚ UNIBANCO HOLDING S.A. Notes to the Financial Statements Period from 01/01 to 06/30 of 2019 and 2018 (In thousands of Reais) Note 1 - Operations Itaú Unibanco Holding S.A. (ITAÚ UNIBANCO HOLDING) is a publicly-held company, organized and existing under the Laws of Brazil. The head office is located at Praça Alfredo Egydio de Souza Aranha, n° 100, in the city of São Paulo, state of São Paulo, Brazil. ITAÚ UNIBANCO HOLDING is present in 22 countries and territories and offers a wide variety of financial products and services to individual and corporate clients in Brazil and abroad, whether or not these clients are related to Brazil, through its branches, subsidiaries and international affiliates. It operates in all modalities of banking activities, by means of its portfolios: commercial; investment; mortgage loans; loans, financing and investment; lease and foreign exchange transactions. ITAÚ UNIBANCO HOLDING is a holding company controlled by Itaú Unibanco Participações S.A. (“IUPAR”), a holding company which owns 51.71% of our common shares, and which is jointly controlled by (i) Itaúsa Investimentos Itaú S.A. (“Itaúsa”), a holding company controlled by members of the Egydio de Souza Aranha family, and (ii) Companhia E. Johnston de Participações (“E. Johnston”), a holding company controlled by the Moreira Salles family. Itaúsa also directly holds 39.21% of ITAÚ UNIBANCO HOLDING common shares. These consolidated financial statements were approved by the Executive Board on July 29, 2019. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 60

Note 2 – Presentation of the Consolidated Financial Statements a) Presentation The financial statements of ITAÚ UNIBANCO HOLDING and of its subsidiaries (ITAÚ UNIBANCO HOLDING CONSOLIDATED) have been prepared in accordance with the accounting principles established by the Brazilian Corporate Law, including the amendments introduced by Laws nº. 11,638, of December 28, 2007, and nº. 11,941, of May 27, 2009 and in conformity, when applicable, with instructions issued by the National Monetary Council (CMN), Central Bank of Brazil (BACEN), the Brazilian Securities and Exchange Commission (CVM), the National Council of Private Insurance (CNSP), the Superintendence of Private Insurance (SUSEP) and the National Superintendence of Supplementary Pension – (PREVIC),which include the use of practices and estimates deemed necessary to calculate the accounting provisions and the valuation of financial assets. Information in the financial statements and respective notes evidence all relevant information inherent in the financial statements, and only them, which are consistent with information used by Management in its administration. As set forth in the sole paragraph of article 7 of BACEN Circular nº. 3,068, of November 8, 2001, securities classified as trading securities (Note 3c) are presented in the Consolidated Balance Sheet under Current Assets, regardless of their maturity dates. Lease Operations are presented at present value in the Consolidated Balance Sheet, being that the related income and expenses, which represent the financial results of these operations, are presented, grouped together, under Loan, Lease and Other Credit Operations in the Statement of Income. Advances on exchange contracts are reclassified from Other Liabilities – Foreign exchange portfolio to Loan operations. The foreign exchange result is represented by variation and difference in rates on the balance sheet accounts denominated in foreign currencies. b) Consolidation The consolidated financial statements of ITAÚ UNIBANCO HOLDING comprise operations carried out by its branches and subsidiaries in Brazil and abroad, operations of its controlled entities and operations of Specific Purpose Entities and investment funds controlled by the entity. Balances of result and balance sheet accounts, and consolidated intercompany transactions have been eliminated. Controlled entities are all entities to which ITAÚ UNIBANCO HOLDING is exposed, or is entitled to variable returns of involvement with the entity and that can affect these returns through its power on the entity. Control assessment is conducted on a continuous basis. Controlled entities are consolidated from the date control is established to the date on which control ceases to exist. The consolidated financial statements are prepared using consistent accounting policies. In ITAÚ UNIBANCO HOLDING, the goodwill recorded in subsidiaries is amortized based on the expected future profitability and appraisal reports, or upon realization of the investment, according to the rules and guidance of CMN and BACEN. The difference in Net Income and Stockholders’ Equity between ITAÚ UNIBANCO HOLDING and ITAÚ UNIBANCO HOLDING CONSOLIDATED (Note 13d) results substantially from the adoption of different criteria in the amortization of goodwill originated in acquisitions of investments, recognition of transaction with non-controlling stockholders where there is no change in control (Note 3I) and recognition of exchange variation on foreign investments and hedge of these investments, which functional currency is different from the controlling company, net of respective deferred tax assets. The effects of foreign exchange variations on investments abroad are classified under the heading Securities and derivative financial instruments in the Statement of Income for subsidiaries with the same functional currency as the parent company, and in Asset valuation adjustment for subsidiaries with a functional currency different from that of the parent company. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 61 Note 2 – Presentation of the Consolidated Financial Statements a) Presentation The financial statements of ITAÚ UNIBANCO HOLDING and of its subsidiaries (ITAÚ UNIBANCO HOLDING CONSOLIDATED) have been prepared in accordance with the accounting principles established by the Brazilian Corporate Law, including the amendments introduced by Laws nº. 11,638, of December 28, 2007, and nº. 11,941, of May 27, 2009 and in conformity, when applicable, with instructions issued by the National Monetary Council (CMN), Central Bank of Brazil (BACEN), the Brazilian Securities and Exchange Commission (CVM), the National Council of Private Insurance (CNSP), the Superintendence of Private Insurance (SUSEP) and the National Superintendence of Supplementary Pension – (PREVIC),which include the use of practices and estimates deemed necessary to calculate the accounting provisions and the valuation of financial assets. Information in the financial statements and respective notes evidence all relevant information inherent in the financial statements, and only them, which are consistent with information used by Management in its administration. As set forth in the sole paragraph of article 7 of BACEN Circular nº. 3,068, of November 8, 2001, securities classified as trading securities (Note 3c) are presented in the Consolidated Balance Sheet under Current Assets, regardless of their maturity dates. Lease Operations are presented at present value in the Consolidated Balance Sheet, being that the related income and expenses, which represent the financial results of these operations, are presented, grouped together, under Loan, Lease and Other Credit Operations in the Statement of Income. Advances on exchange contracts are reclassified from Other Liabilities – Foreign exchange portfolio to Loan operations. The foreign exchange result is represented by variation and difference in rates on the balance sheet accounts denominated in foreign currencies. b) Consolidation The consolidated financial statements of ITAÚ UNIBANCO HOLDING comprise operations carried out by its branches and subsidiaries in Brazil and abroad, operations of its controlled entities and operations of Specific Purpose Entities and investment funds controlled by the entity. Balances of result and balance sheet accounts, and consolidated intercompany transactions have been eliminated. Controlled entities are all entities to which ITAÚ UNIBANCO HOLDING is exposed, or is entitled to variable returns of involvement with the entity and that can affect these returns through its power on the entity. Control assessment is conducted on a continuous basis. Controlled entities are consolidated from the date control is established to the date on which control ceases to exist. The consolidated financial statements are prepared using consistent accounting policies. In ITAÚ UNIBANCO HOLDING, the goodwill recorded in subsidiaries is amortized based on the expected future profitability and appraisal reports, or upon realization of the investment, according to the rules and guidance of CMN and BACEN. The difference in Net Income and Stockholders’ Equity between ITAÚ UNIBANCO HOLDING and ITAÚ UNIBANCO HOLDING CONSOLIDATED (Note 13d) results substantially from the adoption of different criteria in the amortization of goodwill originated in acquisitions of investments, recognition of transaction with non-controlling stockholders where there is no change in control (Note 3I) and recognition of exchange variation on foreign investments and hedge of these investments, which functional currency is different from the controlling company, net of respective deferred tax assets. The effects of foreign exchange variations on investments abroad are classified under the heading Securities and derivative financial instruments in the Statement of Income for subsidiaries with the same functional currency as the parent company, and in Asset valuation adjustment for subsidiaries with a functional currency different from that of the parent company. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 61

The consolidated financial statements cover ITAÚ UNIBANCO HOLDING and its direct and indirect subsidiaries. We present below the main companies which together represent over 95% of total consolidated assets: Interest in total Interest in voting Country of (1) capital at Functional currency Activity capital at Incorporation 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Domestic Banco Itaú BBA S.A. Real Brazil Financial institution 100.00% 100.00% 100.00% 100.00% Banco Itaú Consignado S.A. Real Brazil Financial institution 100.00% 100.00% 100.00% 100.00% Banco Itaucard S.A. Real Brazil Financial institution 100.00% 100.00% 100.00% 100.00% Banco Itauleasing S.A. Real Brazil Financial institution 100.00% 100.00% 100.00% 100.00% Cia. Itaú de Capitalização Real Brazil Capitalization 100.00% 100.00% 100.00% 100.00% Dibens Leasing S.A. - Arrendamento Mercantil Real Brazil Leasing 100.00% 100.00% 100.00% 100.00% Financeira Itaú CBD S.A. Crédito, Financiamento e Investimento Real Brazil Consumer Finance Credit 50.00% 50.00% 50.00% 50.00% Hipercard Banco Múltiplo S.A. Real Brazil Financial institution 100.00% 100.00% 100.00% 100.00% Itauseg Seguradora S.A. Real Brazil Insurance 100.00% 99.99% 100.00% 99.99% Itaú Corretora de Valores S.A. Real Brazil Broker 100.00% 100.00% 100.00% 100.00% Itaú Seguros S.A. Real Brazil Insurance 100.00% 100.00% 100.00% 100.00% Itaú Unibanco S.A. Real Brazil Financial institution 100.00% 100.00% 100.00% 100.00% Itaú Vida e Previdência S.A. Real Brazil Pension Plan 100.00% 100.00% 100.00% 100.00% Luizacred S.A. Sociedade de Crédito, Financiamento e Investimento Real Brazil Consumer Finance Credit 50.00% 50.00% 50.00% 50.00% Redecard S.A. Real Brazil Acquier 100.00% 100.00% 100.00% 100.00% Foreign Itaú CorpBanca Colombia S.A. (Note 2c) Colombian Peso Colombia Financial institution 25.28% 23.90% 25.28% 23.90% Banco Itaú (Suisse) S.A. Swiss Franc Switzerland Financial institution 100.00% 100.00% 100.00% 100.00% Banco Itaú Argentina S.A. Argentine Peso Argentina Financial institution 100.00% 100.00% 100.00% 100.00% Banco Itaú Paraguay S.A. Guarani Paraguay Financial institution 100.00% 100.00% 100.00% 100.00% Banco Itaú Uruguay S.A. Uruguayan peso Uruguay Financial institution 100.00% 100.00% 100.00% 100.00% Itau Bank, Ltd. Real Cayman Islands Financial institution 100.00% 100.00% 100.00% 100.00% Itaú BBA Colombia S.A. Corporación Financiera Colombian Peso Colombia Financial institution 100.00% 100.00% 100.00% 100.00% Itau BBA International plc Dollar United Kingdom Financial institution 100.00% 100.00% 100.00% 100.00% Itau BBA USA Securities Inc. Real United States Broker 100.00% 100.00% 100.00% 100.00% (2) (Note 2c) Chilean Peso Chile Financial institution 38.14% 36.06% 38.14% 36.06% Itaú CorpBanca (1) All foreign branches and subsidiaries of ITAÚ UNIBANCO HOLDING CONSOLIDATED have functional currency equal to that of the controlling entity, except for CorpBanca New York Branch, which functional currency is the dollar. (2) ITAÚ UNIBANCO HOLDING controls ITAÚ CORPBANCA due to the shareholders’ agreement. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 62 The consolidated financial statements cover ITAÚ UNIBANCO HOLDING and its direct and indirect subsidiaries. We present below the main companies which together represent over 95% of total consolidated assets: Interest in total Interest in voting Country of (1) capital at Functional currency Activity capital at Incorporation 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Domestic Banco Itaú BBA S.A. Real Brazil Financial institution 100.00% 100.00% 100.00% 100.00% Banco Itaú Consignado S.A. Real Brazil Financial institution 100.00% 100.00% 100.00% 100.00% Banco Itaucard S.A. Real Brazil Financial institution 100.00% 100.00% 100.00% 100.00% Banco Itauleasing S.A. Real Brazil Financial institution 100.00% 100.00% 100.00% 100.00% Cia. Itaú de Capitalização Real Brazil Capitalization 100.00% 100.00% 100.00% 100.00% Dibens Leasing S.A. - Arrendamento Mercantil Real Brazil Leasing 100.00% 100.00% 100.00% 100.00% Financeira Itaú CBD S.A. Crédito, Financiamento e Investimento Real Brazil Consumer Finance Credit 50.00% 50.00% 50.00% 50.00% Hipercard Banco Múltiplo S.A. Real Brazil Financial institution 100.00% 100.00% 100.00% 100.00% Itauseg Seguradora S.A. Real Brazil Insurance 100.00% 99.99% 100.00% 99.99% Itaú Corretora de Valores S.A. Real Brazil Broker 100.00% 100.00% 100.00% 100.00% Itaú Seguros S.A. Real Brazil Insurance 100.00% 100.00% 100.00% 100.00% Itaú Unibanco S.A. Real Brazil Financial institution 100.00% 100.00% 100.00% 100.00% Itaú Vida e Previdência S.A. Real Brazil Pension Plan 100.00% 100.00% 100.00% 100.00% Luizacred S.A. Sociedade de Crédito, Financiamento e Investimento Real Brazil Consumer Finance Credit 50.00% 50.00% 50.00% 50.00% Redecard S.A. Real Brazil Acquier 100.00% 100.00% 100.00% 100.00% Foreign Itaú CorpBanca Colombia S.A. (Note 2c) Colombian Peso Colombia Financial institution 25.28% 23.90% 25.28% 23.90% Banco Itaú (Suisse) S.A. Swiss Franc Switzerland Financial institution 100.00% 100.00% 100.00% 100.00% Banco Itaú Argentina S.A. Argentine Peso Argentina Financial institution 100.00% 100.00% 100.00% 100.00% Banco Itaú Paraguay S.A. Guarani Paraguay Financial institution 100.00% 100.00% 100.00% 100.00% Banco Itaú Uruguay S.A. Uruguayan peso Uruguay Financial institution 100.00% 100.00% 100.00% 100.00% Itau Bank, Ltd. Real Cayman Islands Financial institution 100.00% 100.00% 100.00% 100.00% Itaú BBA Colombia S.A. Corporación Financiera Colombian Peso Colombia Financial institution 100.00% 100.00% 100.00% 100.00% Itau BBA International plc Dollar United Kingdom Financial institution 100.00% 100.00% 100.00% 100.00% Itau BBA USA Securities Inc. Real United States Broker 100.00% 100.00% 100.00% 100.00% (2) (Note 2c) Chilean Peso Chile Financial institution 38.14% 36.06% 38.14% 36.06% Itaú CorpBanca (1) All foreign branches and subsidiaries of ITAÚ UNIBANCO HOLDING CONSOLIDATED have functional currency equal to that of the controlling entity, except for CorpBanca New York Branch, which functional currency is the dollar. (2) ITAÚ UNIBANCO HOLDING controls ITAÚ CORPBANCA due to the shareholders’ agreement. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 62

c) Business development Itaú CorpBanca st The Itaú Corpbanca (ITAÚ CORPBANCA) is controlled as of April 1 , 2016 by ITAÚ UNIBANCO HOLDING CONSOLIDATED. On the same date, ITAU UNIBANCO HOLDING entered into a shareholders’ agreement with Corp Group, which sets forth, among others, the right of ITAÚ UNIBANCO HOLDING and Corp Group to appoint members for the Board of Directors of ITAÚ CORPBANCA in accordance to their interests in capital stock, and this group of shareholders will have the right to appoint the majority of members of the Board of Directors of ITAÚ CORPBANCA and ITAÚ UNIBANCO HOLDING will be entitled to appoint the majority of members elected by this block. On October 12, 2018, ITAÚ UNIBANCO HOLDING CONSOLIDATED, through its subsidiary ITB Holding Brasil Participações Ltda., indirectly acquired additional interest of 2.08% (10,651,555,020 shares) in the capital of ITAÚ CORPBANCA, for the amount of R$ 362.9 million then holding 38.14%. Acquisition of minority interest in XP Investimentos S.A. On May 11, 2017, ITAÚ UNIBANCO HOLDING, through its subsidiary Itaú Unibanco S.A. (ITAÚ UNIBANCO), entered into an agreement for purchase and sale of shares with XP Controle Participações S.A. (XP CONTROLE), G.A. Brasil IV Fundo de Investimento em Participações, Dyna III Fundo de Investimento em Participações, among other parties (SELLERS), for acquisition of 49.9% of total capital (of which 30.1% of common shares) of XP Investimentos S.A. (XP HOLDING), through capital contribution in the amount of R$ 600 milions and acquisition of shares issued by XP HOLDING held by the SELLERS in the amount of R$ 5,700 milions, and such amounts were restated pursuant to contractual provision, totaling R$ 6,650 milions (FIRST ACQUISITION). A portion of this amount was withheld as a guarantee for possible future obligations of XP CONTROLE, for a 10-year period, and possible remaining balance will be paid to XP CONTROLE at the end of this term. In addition to the FIRST ACQUISITION, the agreement sets forth only one additional acquisition in 2022, subject to future BACEN’s approval. Should it be approved, it will enable ITAÚ UNIBANCO to hold up to 62.4% of XP HOLDING’s total capital (equivalent to 40.0% of common shares) based on a multiple of result (19 times) of XP HOLDING, therefore being clear that the control over XP Group will remain unchanged, with XP CONTROLE’s shareholders. ITAÚ UNIBANCO will act as minority partner. Effective acquisitions and financial settlements occurred on August 31, 2018, after the satisfaction of certain contractual conditions and obtainment of regulatory and government authorizations required. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 63 c) Business development Itaú CorpBanca st The Itaú Corpbanca (ITAÚ CORPBANCA) is controlled as of April 1 , 2016 by ITAÚ UNIBANCO HOLDING CONSOLIDATED. On the same date, ITAU UNIBANCO HOLDING entered into a shareholders’ agreement with Corp Group, which sets forth, among others, the right of ITAÚ UNIBANCO HOLDING and Corp Group to appoint members for the Board of Directors of ITAÚ CORPBANCA in accordance to their interests in capital stock, and this group of shareholders will have the right to appoint the majority of members of the Board of Directors of ITAÚ CORPBANCA and ITAÚ UNIBANCO HOLDING will be entitled to appoint the majority of members elected by this block. On October 12, 2018, ITAÚ UNIBANCO HOLDING CONSOLIDATED, through its subsidiary ITB Holding Brasil Participações Ltda., indirectly acquired additional interest of 2.08% (10,651,555,020 shares) in the capital of ITAÚ CORPBANCA, for the amount of R$ 362.9 million then holding 38.14%. Acquisition of minority interest in XP Investimentos S.A. On May 11, 2017, ITAÚ UNIBANCO HOLDING, through its subsidiary Itaú Unibanco S.A. (ITAÚ UNIBANCO), entered into an agreement for purchase and sale of shares with XP Controle Participações S.A. (XP CONTROLE), G.A. Brasil IV Fundo de Investimento em Participações, Dyna III Fundo de Investimento em Participações, among other parties (SELLERS), for acquisition of 49.9% of total capital (of which 30.1% of common shares) of XP Investimentos S.A. (XP HOLDING), through capital contribution in the amount of R$ 600 milions and acquisition of shares issued by XP HOLDING held by the SELLERS in the amount of R$ 5,700 milions, and such amounts were restated pursuant to contractual provision, totaling R$ 6,650 milions (FIRST ACQUISITION). A portion of this amount was withheld as a guarantee for possible future obligations of XP CONTROLE, for a 10-year period, and possible remaining balance will be paid to XP CONTROLE at the end of this term. In addition to the FIRST ACQUISITION, the agreement sets forth only one additional acquisition in 2022, subject to future BACEN’s approval. Should it be approved, it will enable ITAÚ UNIBANCO to hold up to 62.4% of XP HOLDING’s total capital (equivalent to 40.0% of common shares) based on a multiple of result (19 times) of XP HOLDING, therefore being clear that the control over XP Group will remain unchanged, with XP CONTROLE’s shareholders. ITAÚ UNIBANCO will act as minority partner. Effective acquisitions and financial settlements occurred on August 31, 2018, after the satisfaction of certain contractual conditions and obtainment of regulatory and government authorizations required. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 63

Note 3 – Summary of the main accounting practices a) Cash and cash equivalents - Is defined as cash and current accounts in banks, considered in the Consolidated Balance Sheet in the heading Cash, Interbank Deposits and Money market that have original maturities of up to 90 days or less. b) Interbank investments, remunerated restricted credits – Brazilian Central Bank, remunerated deposits, deposits received under securities repurchase agreements, funds from acceptance and issuance of securities, borrowing and onlending, subordinated debt and other receivables and payables – Operations with fixed remuneration and charges are accounted for at present value. Operations with post-fixed or floating remuneration and charges are accounted for at the adjusted principal amount. Operations subject to foreign exchange variation are accounted for at the corresponding amount in local currency. Liabilities are presented net of the transaction costs incurred, when relevant, calculated pro rate die. c) Securities - Recorded at the cost of acquisition restated by the index and/or effective interest rate and presented in the Balance Sheet, according to BACEN Circular nº. 3,068, of November 8, 2001. Securities are classified into the following categories: · Trading securities – Securities acquired to be actively and frequently traded, and adjusted to market value, with a counter-entry to the results for the period; · Available-for-sale securities – Securities that can be negotiated but are not acquired for the purposes of active and frequent trading. They are adjusted to their market value, with a counter-entry to an account disclosed in stockholders’ equity; · Held-to-maturity securities – Securities, except for non-redeemable shares, which the bank has the financial condition and intend, or is required to hold in the portfolio to maturity, are recorded at the cost of acquisition, or market value, whenever these are transferred from another category. The securities are adjusted using the accrual method through maturity, and are not adjusted to market value. Gains and losses on available-for-sale securities, when realized, are recognized on the trade date in the statement of income, with a counter-entry to a specific stockholders’ equity account. Decreases in the market value of available-for-sale and held-to-maturity securities below their related costs, resulting from non-temporary causes, are recorded in the results as realized losses. d) Derivative financial instruments - These are classified on the date of their acquisition, according to whether or not Management intends to use them either as a hedge, according to BACEN Circular nº. 3,082, of January 30, 2002. Transactions involving financial instruments, carried out at the client’s request, on their own account, or which do not comply with the hedging criteria (mainly derivatives used to manage the overall risk exposure), are stated at market value, including realized and unrealized gains and losses, which are recorded directly in the statement of income. The derivatives that are used for protection against risk exposure or to modify the characteristics of financial assets and liabilities, which have changes in market value closely related with those of the items being protected at the beginning and throughout the duration of the contract, and which are found to be effective reducing the risk related to the exposure being protected against, are classified as hedges, in accordance with their nature: · Market Risk Hedge – Financial assets and liabilities, as well as their related financial instruments, are accounted for at their market value, plus realized and unrealized gains and losses, which are recorded directly in the statement of income; · Cash Flow Hedge - The effective amounts of the hedge of financial assets and liabilities, as well as their related financial instruments, are accounted for at their market value plus realized and unrealized gains and losses, net of tax effects, when applicable, and recorded in a specific account in stockholders’ equity. The ineffective portion is recorded directly in the statement of income; Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 64 Note 3 – Summary of the main accounting practices a) Cash and cash equivalents - Is defined as cash and current accounts in banks, considered in the Consolidated Balance Sheet in the heading Cash, Interbank Deposits and Money market that have original maturities of up to 90 days or less. b) Interbank investments, remunerated restricted credits – Brazilian Central Bank, remunerated deposits, deposits received under securities repurchase agreements, funds from acceptance and issuance of securities, borrowing and onlending, subordinated debt and other receivables and payables – Operations with fixed remuneration and charges are accounted for at present value. Operations with post-fixed or floating remuneration and charges are accounted for at the adjusted principal amount. Operations subject to foreign exchange variation are accounted for at the corresponding amount in local currency. Liabilities are presented net of the transaction costs incurred, when relevant, calculated pro rate die. c) Securities - Recorded at the cost of acquisition restated by the index and/or effective interest rate and presented in the Balance Sheet, according to BACEN Circular nº. 3,068, of November 8, 2001. Securities are classified into the following categories: · Trading securities – Securities acquired to be actively and frequently traded, and adjusted to market value, with a counter-entry to the results for the period; · Available-for-sale securities – Securities that can be negotiated but are not acquired for the purposes of active and frequent trading. They are adjusted to their market value, with a counter-entry to an account disclosed in stockholders’ equity; · Held-to-maturity securities – Securities, except for non-redeemable shares, which the bank has the financial condition and intend, or is required to hold in the portfolio to maturity, are recorded at the cost of acquisition, or market value, whenever these are transferred from another category. The securities are adjusted using the accrual method through maturity, and are not adjusted to market value. Gains and losses on available-for-sale securities, when realized, are recognized on the trade date in the statement of income, with a counter-entry to a specific stockholders’ equity account. Decreases in the market value of available-for-sale and held-to-maturity securities below their related costs, resulting from non-temporary causes, are recorded in the results as realized losses. d) Derivative financial instruments - These are classified on the date of their acquisition, according to whether or not Management intends to use them either as a hedge, according to BACEN Circular nº. 3,082, of January 30, 2002. Transactions involving financial instruments, carried out at the client’s request, on their own account, or which do not comply with the hedging criteria (mainly derivatives used to manage the overall risk exposure), are stated at market value, including realized and unrealized gains and losses, which are recorded directly in the statement of income. The derivatives that are used for protection against risk exposure or to modify the characteristics of financial assets and liabilities, which have changes in market value closely related with those of the items being protected at the beginning and throughout the duration of the contract, and which are found to be effective reducing the risk related to the exposure being protected against, are classified as hedges, in accordance with their nature: · Market Risk Hedge – Financial assets and liabilities, as well as their related financial instruments, are accounted for at their market value, plus realized and unrealized gains and losses, which are recorded directly in the statement of income; · Cash Flow Hedge - The effective amounts of the hedge of financial assets and liabilities, as well as their related financial instruments, are accounted for at their market value plus realized and unrealized gains and losses, net of tax effects, when applicable, and recorded in a specific account in stockholders’ equity. The ineffective portion is recorded directly in the statement of income; Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 64

· Net Investment Hedge of Foreign Operations - Accounted for similarly to cash flow hedge, i.e. the portion of gains or losses on a hedging instrument that is determined to be an effective hedge is recognized in stockholders’ equity, and reclassified to income for the period in the event of the disposal of the foreign operation. The ineffective portion is recognized in income for the period. e) Loan, lease and other credit operations (operations with credit granting characteristics) – These transactions are recorded at present value and calculated pro rata die based on the variation of the contracted index and interest rate, and are recorded on basis until the 60th day overdue in financial companies, according to the estimates of receipt. After the 60th day, income is recognized upon the effective receipt of installments. Credit card operations include receivables arising from the purchases made by cardholders. Funds corresponding to these amounts to be paid to the accrediting organization are in liabilities, in the heading Interbank Accounts – Receipts and Payments Pending Settlement. f) Allowance for loan losses - The balance of the allowance for loan losses was recorded based on a credit risk analysis, at an amount considered sufficient to cover loan losses in accordance with the rules determined by CMN Resolution nº. 2,682 of December 21, 1999, which are as follows are: · Provisions are recorded from the date on which loans are granted, based on the client’s risk rating and on the periodic quality evaluation of clients and industries, and not only in the event of default; · Taking into account default exclusively, the write-off as losses occurs 360 days after the credits have matured or after 540 days for operations that mature after a period of 36 months. The criterion adopted for recognition of a provision for Financial Guarantees pledged was based on the expected loss model. g) Other assets –They are comprised of Assets Held for Sale, relating to real estate vehicles and other assets available for sale (own and not in use, received as payment in kind or resulting from enforcement of guarantees). These assets are adjusted to market value by setting up a provision in accordance with standards in force. In addition, are recorded unearned reinsurance premiums (Note 3m); and prepaid expenses, corresponding to disbursements, the benefits of which will be felt in future exercises. h) Investments – Include goodwill identified in the acquisition of associates and joint ventures, net of any accumulated impairment loss. They are initially recognized at acquisition cost and are subsequently accounted for under the equity method. · Associates: are companies in which ITAÚ UNIBANCO HOLDING CONSOLIDATED has significant influence, but it does not hold control over them. · Joint Ventures: ITAÚ UNIBANCO HOLDING CONSOLIDATED defines joint venture when it is entitled to rights and obligations for related liabilities. i) Fixed assets - Are account for at their acquisition cost less accumulated depreciation and adjusted for impairment, as applicable. Depreciation is calculated under the straight-line method using rates based on the estimated useful lives of these assets. Such rates and other details are presented in Note 12b I. Residual values and useful lives of assets are reviewed and adjusted, if appropriate, at the end of each period. ITAÚ UNIBANCO HOLDING CONSOLIDATED reviews its assets in order to identify indications of impairment in their recoverable amounts. The recoverable amount of an asset is defined as the higher of its fair value less costs to sell and its value in use. For assessment purposes, assets are grouped at the lowest level for which independent cash flows can be identified (cash-generating units). Assessment may be made at an individual asset level when the fair value less its cost to sell may be reliably determined. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 65 · Net Investment Hedge of Foreign Operations - Accounted for similarly to cash flow hedge, i.e. the portion of gains or losses on a hedging instrument that is determined to be an effective hedge is recognized in stockholders’ equity, and reclassified to income for the period in the event of the disposal of the foreign operation. The ineffective portion is recognized in income for the period. e) Loan, lease and other credit operations (operations with credit granting characteristics) – These transactions are recorded at present value and calculated pro rata die based on the variation of the contracted index and interest rate, and are recorded on basis until the 60th day overdue in financial companies, according to the estimates of receipt. After the 60th day, income is recognized upon the effective receipt of installments. Credit card operations include receivables arising from the purchases made by cardholders. Funds corresponding to these amounts to be paid to the accrediting organization are in liabilities, in the heading Interbank Accounts – Receipts and Payments Pending Settlement. f) Allowance for loan losses - The balance of the allowance for loan losses was recorded based on a credit risk analysis, at an amount considered sufficient to cover loan losses in accordance with the rules determined by CMN Resolution nº. 2,682 of December 21, 1999, which are as follows are: · Provisions are recorded from the date on which loans are granted, based on the client’s risk rating and on the periodic quality evaluation of clients and industries, and not only in the event of default; · Taking into account default exclusively, the write-off as losses occurs 360 days after the credits have matured or after 540 days for operations that mature after a period of 36 months. The criterion adopted for recognition of a provision for Financial Guarantees pledged was based on the expected loss model. g) Other assets –They are comprised of Assets Held for Sale, relating to real estate vehicles and other assets available for sale (own and not in use, received as payment in kind or resulting from enforcement of guarantees). These assets are adjusted to market value by setting up a provision in accordance with standards in force. In addition, are recorded unearned reinsurance premiums (Note 3m); and prepaid expenses, corresponding to disbursements, the benefits of which will be felt in future exercises. h) Investments – Include goodwill identified in the acquisition of associates and joint ventures, net of any accumulated impairment loss. They are initially recognized at acquisition cost and are subsequently accounted for under the equity method. · Associates: are companies in which ITAÚ UNIBANCO HOLDING CONSOLIDATED has significant influence, but it does not hold control over them. · Joint Ventures: ITAÚ UNIBANCO HOLDING CONSOLIDATED defines joint venture when it is entitled to rights and obligations for related liabilities. i) Fixed assets - Are account for at their acquisition cost less accumulated depreciation and adjusted for impairment, as applicable. Depreciation is calculated under the straight-line method using rates based on the estimated useful lives of these assets. Such rates and other details are presented in Note 12b I. Residual values and useful lives of assets are reviewed and adjusted, if appropriate, at the end of each period. ITAÚ UNIBANCO HOLDING CONSOLIDATED reviews its assets in order to identify indications of impairment in their recoverable amounts. The recoverable amount of an asset is defined as the higher of its fair value less costs to sell and its value in use. For assessment purposes, assets are grouped at the lowest level for which independent cash flows can be identified (cash-generating units). Assessment may be made at an individual asset level when the fair value less its cost to sell may be reliably determined. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 65

j) Goodwill – Corresponds to the amount paid in excess for the purchase of investments and is amortized based on expected future profitability or as realized. It is tested semiannually for impairment. k) Intangible assets – It is composed of: (i) Goodwill amount paid upon acquisition of the company, transferred to intangible assets due to merger of the acquired company’s equity into the acquirer company; (ii) Right-of- use, as well as rights on the acquisition of payrolls and association agreements, amortized according to agreement terms or as economic benefits flow to the company; and (iii) Software amortized over five years and customer portfolios amortized within ten years. . Intangible assets with definite useful lives are amortized under the straight-line method at their estimated useful lives and those with indefinite useful lives are tested on a half-yearly basis to identify possible impairment losses. l) Capital Transactions with Non-Controlling Stockholders - Changes in the interest in a subsidiary not giving rise to loss of control are accounted for as capital transactions, and any difference between the amount paid and the amount corresponding to the non-controlling stockholders is directly recognized in Consolidated Stockholders’ Equity. m) Insurance, pension plan and capitalization operations – Technical provisions are liabilities arising from obligations of ITAÚ UNIBANCO HOLDING CONSOLIDATED to its policyholders and participants. These obligations may be short term liabilities (property and casualty insurance) or medium and long term liabilities (life insurance and pension plans). The determination of the actuarial liability is subject to several uncertainties inherent in the coverage of insurance and pension contracts, such as assumptions of persistence, mortality, disability, life expectancy, morbidity, expenses, frequency and severity of claims, conversion of benefits into annuities, redemptions and return on assets. The estimates for these assumptions are based on the historical experience of ITAÚ UNIBANCO HOLDING CONSOLIDATED, benchmarks and experience of the actuary, in order to comply with best market practices and the continuous review of the actuarial liability. The adjustments resulting from these continuous improvements, when necessary, are recognized in the statement of income for the corresponding period. Insurance contracts establish, for one of the parties, upon payment (premium) by the other party, the obligation to pay it a certain amount in case of a claim. Insurance risk is defined when a future and uncertain event, of sudden and unforeseeable nature, independent from the insured’s will, may cause losses of economic occurrence when it occurs. Since the contract is classified as an insurance contract, it remains as such until the end of its life, even if the insurance risk is significantly reduced during such period, unless all rights and obligations are extinguished or expire. Insurance premiums, acceptance coinsurance and selling expenses are accounted for upon issue of the insurance policy or in accordance with the insurance effectiveness term, through the recognition and reversal of a provision for unearned premiums and deferred selling expenses. Interest arising from fractioning of insurance premiums is accounted for as incurred. Revenues from social security contributions, gross revenue from capitalization certificates and respective technical provisions are recognized upon receipt. A detailed description of all products classified as insurance contracts can be found in Note 8. Private pension plans Contracts that contemplate retirement benefits after an accumulation period (known as PGBL, VGBL and FGB) assure, at the commencement date of the contract, the basis for calculating the retirement benefit (mortality table and minimum interest). The contracts specify the annuity fees and, therefore, the contract transfers the insurance risk to the issuer at the commencement date, and they are classified as insurance contracts. Insurance premiums Insurance premiums are recognized by issuing an insurance policy or over the period of the contracts in proportion to the amount of the insurance coverage. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 66 j) Goodwill – Corresponds to the amount paid in excess for the purchase of investments and is amortized based on expected future profitability or as realized. It is tested semiannually for impairment. k) Intangible assets – It is composed of: (i) Goodwill amount paid upon acquisition of the company, transferred to intangible assets due to merger of the acquired company’s equity into the acquirer company; (ii) Right-of- use, as well as rights on the acquisition of payrolls and association agreements, amortized according to agreement terms or as economic benefits flow to the company; and (iii) Software amortized over five years and customer portfolios amortized within ten years. . Intangible assets with definite useful lives are amortized under the straight-line method at their estimated useful lives and those with indefinite useful lives are tested on a half-yearly basis to identify possible impairment losses. l) Capital Transactions with Non-Controlling Stockholders - Changes in the interest in a subsidiary not giving rise to loss of control are accounted for as capital transactions, and any difference between the amount paid and the amount corresponding to the non-controlling stockholders is directly recognized in Consolidated Stockholders’ Equity. m) Insurance, pension plan and capitalization operations – Technical provisions are liabilities arising from obligations of ITAÚ UNIBANCO HOLDING CONSOLIDATED to its policyholders and participants. These obligations may be short term liabilities (property and casualty insurance) or medium and long term liabilities (life insurance and pension plans). The determination of the actuarial liability is subject to several uncertainties inherent in the coverage of insurance and pension contracts, such as assumptions of persistence, mortality, disability, life expectancy, morbidity, expenses, frequency and severity of claims, conversion of benefits into annuities, redemptions and return on assets. The estimates for these assumptions are based on the historical experience of ITAÚ UNIBANCO HOLDING CONSOLIDATED, benchmarks and experience of the actuary, in order to comply with best market practices and the continuous review of the actuarial liability. The adjustments resulting from these continuous improvements, when necessary, are recognized in the statement of income for the corresponding period. Insurance contracts establish, for one of the parties, upon payment (premium) by the other party, the obligation to pay it a certain amount in case of a claim. Insurance risk is defined when a future and uncertain event, of sudden and unforeseeable nature, independent from the insured’s will, may cause losses of economic occurrence when it occurs. Since the contract is classified as an insurance contract, it remains as such until the end of its life, even if the insurance risk is significantly reduced during such period, unless all rights and obligations are extinguished or expire. Insurance premiums, acceptance coinsurance and selling expenses are accounted for upon issue of the insurance policy or in accordance with the insurance effectiveness term, through the recognition and reversal of a provision for unearned premiums and deferred selling expenses. Interest arising from fractioning of insurance premiums is accounted for as incurred. Revenues from social security contributions, gross revenue from capitalization certificates and respective technical provisions are recognized upon receipt. A detailed description of all products classified as insurance contracts can be found in Note 8. Private pension plans Contracts that contemplate retirement benefits after an accumulation period (known as PGBL, VGBL and FGB) assure, at the commencement date of the contract, the basis for calculating the retirement benefit (mortality table and minimum interest). The contracts specify the annuity fees and, therefore, the contract transfers the insurance risk to the issuer at the commencement date, and they are classified as insurance contracts. Insurance premiums Insurance premiums are recognized by issuing an insurance policy or over the period of the contracts in proportion to the amount of the insurance coverage. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 66

If there is evidence of impairment losses with respect to receivables for insurance premiums, ITAÚ UNIBANCO HOLDING CONSOLIDATED recognizes a provision, sufficient to cover this loss, based on the risk analysis of realization of insurance premiums receivable with installments overdue for over 60 days. Reinsurance In the ordinary course of business, ITAÚ UNIBANCO HOLDING CONSOLIDATED reinsures a portion of the risks underwritten, particularly property and casualty risks that exceed the maximum limits of responsibility that we determine to be appropriate for each segment and product (after a study which considers size, experience, specificities, and the necessary capital to support these limits). These reinsurance agreements allow the recovery of a portion of the losses from the reinsurer, although they do not release the insurer from the main obligation as direct insurer of the risks contemplated in the reinsurance. Acquisition Costs Acquisition costs include direct and indirect costs related to the origination of insurance. These costs and recorded directly in result as incurred, expect for deferred acquisition costs (commissions paid for brokerage services, agency and prospecting efforts), which are recorded proportionally to the recognition of premium revenues, i.e. for the term corresponding to the insurance contract. Insurance Contract Liabilities Reserves for claims are established based on historical experience, claims in process of payment, estimated amounts of claims incurred but not yet reported, and other factors relevant to the required reserve levels. A liability for premium deficiencies is recognized if the estimated amount of premium deficiencies exceeds deferred acquisition costs. Liability Adequacy Test ITAÚ UNIBANCO HOLDING CONSOLIDATED conducts the liability adequacy test by adopting current actuarial assumptions for future cash flows of all insurance contracts in force at the balance sheet date. Should the analysis show insufficiency, any deficiency identified will be accounted for in income for the period. The assumptions used to conduct the liability adequacy test are detailed in Note 8. n) Contingent Assets and Liabilities and Legal Liabilities, Tax and Social Security - are potential rights and obligations arising from past events for which materialization depends on uncertain future events. They are measured using best estimates through the use of models and criteria which allow their appropriate measurement even if there is uncertainty as to their ultimate timing and amount, and the criteria are detailed in Note 9. These contingencies are evaluated based on Management’s best estimates, and are classified as: · Probable: in which liabilities are recognized in the consolidated balance sheet under Other Liabilities; · Possible: which are disclosed in the Consolidated Financial Statements, but no provision is recorded; · Remote: which require neither a provision nor disclosure. Contingent assets are not recognized in the Consolidated Statement of Income, except when Management of ITAÚ UNIBANCO HOLDING CONSOLIDATED understands that its realization is practically certain and, in general corresponds to lawsuits with favorable sentences in final and unappealable judgments and by the withdrawal of lawsuits as a result of a settlement payment that has been received as a result of an agreement to offset against an existing liability. The amount of escrow deposits is updated in compliance with current legislation. Contingencies guaranteed by indemnity clauses in privatization processes and with liquidity are only recognized upon judicial notification with the simultaneous recognition of receivables, without any effect on results. Legal Liabilities, Tax and Social Security Represented by amounts payable related to tax liabilities, the legality or constitutionality of which are subject to judicial challenge, recognized at the full amount under discussion. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 67 If there is evidence of impairment losses with respect to receivables for insurance premiums, ITAÚ UNIBANCO HOLDING CONSOLIDATED recognizes a provision, sufficient to cover this loss, based on the risk analysis of realization of insurance premiums receivable with installments overdue for over 60 days. Reinsurance In the ordinary course of business, ITAÚ UNIBANCO HOLDING CONSOLIDATED reinsures a portion of the risks underwritten, particularly property and casualty risks that exceed the maximum limits of responsibility that we determine to be appropriate for each segment and product (after a study which considers size, experience, specificities, and the necessary capital to support these limits). These reinsurance agreements allow the recovery of a portion of the losses from the reinsurer, although they do not release the insurer from the main obligation as direct insurer of the risks contemplated in the reinsurance. Acquisition Costs Acquisition costs include direct and indirect costs related to the origination of insurance. These costs and recorded directly in result as incurred, expect for deferred acquisition costs (commissions paid for brokerage services, agency and prospecting efforts), which are recorded proportionally to the recognition of premium revenues, i.e. for the term corresponding to the insurance contract. Insurance Contract Liabilities Reserves for claims are established based on historical experience, claims in process of payment, estimated amounts of claims incurred but not yet reported, and other factors relevant to the required reserve levels. A liability for premium deficiencies is recognized if the estimated amount of premium deficiencies exceeds deferred acquisition costs. Liability Adequacy Test ITAÚ UNIBANCO HOLDING CONSOLIDATED conducts the liability adequacy test by adopting current actuarial assumptions for future cash flows of all insurance contracts in force at the balance sheet date. Should the analysis show insufficiency, any deficiency identified will be accounted for in income for the period. The assumptions used to conduct the liability adequacy test are detailed in Note 8. n) Contingent Assets and Liabilities and Legal Liabilities, Tax and Social Security - are potential rights and obligations arising from past events for which materialization depends on uncertain future events. They are measured using best estimates through the use of models and criteria which allow their appropriate measurement even if there is uncertainty as to their ultimate timing and amount, and the criteria are detailed in Note 9. These contingencies are evaluated based on Management’s best estimates, and are classified as: · Probable: in which liabilities are recognized in the consolidated balance sheet under Other Liabilities; · Possible: which are disclosed in the Consolidated Financial Statements, but no provision is recorded; · Remote: which require neither a provision nor disclosure. Contingent assets are not recognized in the Consolidated Statement of Income, except when Management of ITAÚ UNIBANCO HOLDING CONSOLIDATED understands that its realization is practically certain and, in general corresponds to lawsuits with favorable sentences in final and unappealable judgments and by the withdrawal of lawsuits as a result of a settlement payment that has been received as a result of an agreement to offset against an existing liability. The amount of escrow deposits is updated in compliance with current legislation. Contingencies guaranteed by indemnity clauses in privatization processes and with liquidity are only recognized upon judicial notification with the simultaneous recognition of receivables, without any effect on results. Legal Liabilities, Tax and Social Security Represented by amounts payable related to tax liabilities, the legality or constitutionality of which are subject to judicial challenge, recognized at the full amount under discussion. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 67

o) Provision for Financial Guarantees Provided – Recognized based on the expected loss model, in an amount sufficient to cover any probable losses over the whole guarantee period. p) Income tax and social contribution – There are two components of the provision for income tax and social contribution: current and deferred. Current income tax expense approximates taxes to be paid or recovered for the applicable period. Deferred income tax and social contribution represented by deferred tax assets and liabilities are obtained based on the differences between the tax bases of assets and liabilities and the amounts reported in the financial statements at each year end. Deferred tax assets are only recognized when it is probable that future taxable income will be available for offsetting. The Income Tax and Social Contribution expense is recognized in the Consolidated Statement of Income under Income Tax and Social Contribution, except when it refers to items directly recognized in Stockholders’ Equity, such as: tax on market value measurement of available-for-sale securities, post- employment benefits and tax on cash flow hedges and hedge of net investment in foreign operations. Subsequently, these items are recognized in income together with the recognition of the gain/loss originally deferred. Changes in tax legislation and rates are recognized in the Consolidated statement of income under Income tax and social contribution in the period in which they are enacted. Interest and fines are recognized in the consolidated statement of income under General and administrative expenses. Tax rates, as well as their calculation bases, are detailed in Note 11. q) Deferred income – this refers to: (i) unexpired interest received in advance that is recognized in income as earned, and (ii) the negative goodwill on acquisition of investments arising from expected future losses, which has not been absorbed in the consolidation process. r) Post-employments benefits Pension plans - defined benefit plans The liability (or asset, as the case may be) recognized in the consolidated balance sheet with respect to the defined benefit plan corresponds to the present value of the defined benefit obligations on the balance sheet date less the fair value of the plan assets. The defined benefit obligation is annually calculated by an independent actuarial consulting company using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated amount of future cash flows of benefit payments based on the Brazilian treasury long term securities denominated in Reais and with maturity periods similar to the term of the pension plan liabilities. Pension plans - defined contribution For defined contribution plans, contributions to plans made by ITAÚ UNIBANCO HOLDING CONSOLIDATED, through pension plan funds, are recognized as expenses when due. Other post-employment benefit obligations These obligations are assessed annually by independent and qualified actuaries, and the costs expected from these benefits are accrued during the length of service. Gains and losses arising from adjustments and changes in actuarial assumptions are debited from or credited to stockholders’ equity in Equity asset valuation adjustment in the period in which they occur. s) Foreign currency translation I- Functional and presentation currency The Financial Statements of ITAÚ UNIBANCO HOLDING CONSOLIDATED are presented in Brazilian Reais, which is its functional and presentation currency. For each subsidiary and investment in associates and joint ventures, ITAÚ UNIBANCO HOLDING CONSOLIDATED defined the functional currency as the currency of the primary economic environment in which the entity operates. II - Foreign Currency Transactions Foreign currency transactions are translated using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses are recognized in the Consolidated Statement of Income, unless they are related to cash flow hedges, which are recognized in Stockholders' Equity. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 68 o) Provision for Financial Guarantees Provided – Recognized based on the expected loss model, in an amount sufficient to cover any probable losses over the whole guarantee period. p) Income tax and social contribution – There are two components of the provision for income tax and social contribution: current and deferred. Current income tax expense approximates taxes to be paid or recovered for the applicable period. Deferred income tax and social contribution represented by deferred tax assets and liabilities are obtained based on the differences between the tax bases of assets and liabilities and the amounts reported in the financial statements at each year end. Deferred tax assets are only recognized when it is probable that future taxable income will be available for offsetting. The Income Tax and Social Contribution expense is recognized in the Consolidated Statement of Income under Income Tax and Social Contribution, except when it refers to items directly recognized in Stockholders’ Equity, such as: tax on market value measurement of available-for-sale securities, post- employment benefits and tax on cash flow hedges and hedge of net investment in foreign operations. Subsequently, these items are recognized in income together with the recognition of the gain/loss originally deferred. Changes in tax legislation and rates are recognized in the Consolidated statement of income under Income tax and social contribution in the period in which they are enacted. Interest and fines are recognized in the consolidated statement of income under General and administrative expenses. Tax rates, as well as their calculation bases, are detailed in Note 11. q) Deferred income – this refers to: (i) unexpired interest received in advance that is recognized in income as earned, and (ii) the negative goodwill on acquisition of investments arising from expected future losses, which has not been absorbed in the consolidation process. r) Post-employments benefits Pension plans - defined benefit plans The liability (or asset, as the case may be) recognized in the consolidated balance sheet with respect to the defined benefit plan corresponds to the present value of the defined benefit obligations on the balance sheet date less the fair value of the plan assets. The defined benefit obligation is annually calculated by an independent actuarial consulting company using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated amount of future cash flows of benefit payments based on the Brazilian treasury long term securities denominated in Reais and with maturity periods similar to the term of the pension plan liabilities. Pension plans - defined contribution For defined contribution plans, contributions to plans made by ITAÚ UNIBANCO HOLDING CONSOLIDATED, through pension plan funds, are recognized as expenses when due. Other post-employment benefit obligations These obligations are assessed annually by independent and qualified actuaries, and the costs expected from these benefits are accrued during the length of service. Gains and losses arising from adjustments and changes in actuarial assumptions are debited from or credited to stockholders’ equity in Equity asset valuation adjustment in the period in which they occur. s) Foreign currency translation I- Functional and presentation currency The Financial Statements of ITAÚ UNIBANCO HOLDING CONSOLIDATED are presented in Brazilian Reais, which is its functional and presentation currency. For each subsidiary and investment in associates and joint ventures, ITAÚ UNIBANCO HOLDING CONSOLIDATED defined the functional currency as the currency of the primary economic environment in which the entity operates. II - Foreign Currency Transactions Foreign currency transactions are translated using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses are recognized in the Consolidated Statement of Income, unless they are related to cash flow hedges, which are recognized in Stockholders' Equity. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 68

Note 4 - Interbank investments 06/30/2019 06/30/2018 0 - 30 31 - 180 181 - 365 Over 365 days Total % Total % Money market 42,005,968 210,109,696 - 317,995 252,433,659 88.6 250,264,702 90.1 (1) Funded position 4,277,095 21,550,382 - 317,995 26,145,472 9.2 49,116,041 17.7 Financed position 37,574,495 163,608,785 - - 201,183,280 70.6 157,985,343 56.8 With free movement 1,694,526 7,409,859 - - 9,104,385 3.2 58,195,005 20.9 Without free movement 35,879,969 156,198,926 - - 192,078,895 67.4 99,790,338 35.9 Short position 25,104,907 8.8 43,163,318 15.6 154,378 24,950,529 - - Money market – Assets Guaranteeing Technical Provisions - SUSEP 2,098,747 161,812 - - 2,260,559 0.8 3,471,309 1.3 (Note 8b) 21,545,562 4,848,999 2,016,656 1,675,129 Interbank deposits 30,086,346 10.6 23,728,714 8.6 (2) Total 65,650,277 215,120,507 2,016,656 1,993,124 284,780,564 100.0 277,464,725 100.0 % per maturity term 23.1 75.5 0.7 0.7 100.0 Total – 06/30/2018 157,969,912 89,623,464 28,613,998 1,257,351 277,464,725 % per maturity term 56.9 32.3 10.3 0.5 100.0 (1) Includes R$ 6,543,623 (R$ 3,684,112 at 06/30/2018) related to money market with free movement, in which securities are restricted to guarantee transactions at the B3 S.A. - Brasil, Bolsa, Balcão (B3) and BACEN; (2) Includes a securities valuation allowance in the amount of R$ (3,576) (R$ (8,620) at 06/30/2018). In ITAÚ UNIBANCO HOLDING the portfolio is composed of Money market – Funded position falling due in up to 30 days amounting to R$ 3,454,683 (R$ 86,198 at 06/30/2018), Interbank deposits with maturity from 181 to 365 days R$ 3,844,921 and over 365 days amounting to R$ 34,083,476 (R$ 70,034,925 at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 69 Note 4 - Interbank investments 06/30/2019 06/30/2018 0 - 30 31 - 180 181 - 365 Over 365 days Total % Total % Money market 42,005,968 210,109,696 - 317,995 252,433,659 88.6 250,264,702 90.1 (1) Funded position 4,277,095 21,550,382 - 317,995 26,145,472 9.2 49,116,041 17.7 Financed position 37,574,495 163,608,785 - - 201,183,280 70.6 157,985,343 56.8 With free movement 1,694,526 7,409,859 - - 9,104,385 3.2 58,195,005 20.9 Without free movement 35,879,969 156,198,926 - - 192,078,895 67.4 99,790,338 35.9 Short position 25,104,907 8.8 43,163,318 15.6 154,378 24,950,529 - - Money market – Assets Guaranteeing Technical Provisions - SUSEP 2,098,747 161,812 - - 2,260,559 0.8 3,471,309 1.3 (Note 8b) 21,545,562 4,848,999 2,016,656 1,675,129 Interbank deposits 30,086,346 10.6 23,728,714 8.6 (2) Total 65,650,277 215,120,507 2,016,656 1,993,124 284,780,564 100.0 277,464,725 100.0 % per maturity term 23.1 75.5 0.7 0.7 100.0 Total – 06/30/2018 157,969,912 89,623,464 28,613,998 1,257,351 277,464,725 % per maturity term 56.9 32.3 10.3 0.5 100.0 (1) Includes R$ 6,543,623 (R$ 3,684,112 at 06/30/2018) related to money market with free movement, in which securities are restricted to guarantee transactions at the B3 S.A. - Brasil, Bolsa, Balcão (B3) and BACEN; (2) Includes a securities valuation allowance in the amount of R$ (3,576) (R$ (8,620) at 06/30/2018). In ITAÚ UNIBANCO HOLDING the portfolio is composed of Money market – Funded position falling due in up to 30 days amounting to R$ 3,454,683 (R$ 86,198 at 06/30/2018), Interbank deposits with maturity from 181 to 365 days R$ 3,844,921 and over 365 days amounting to R$ 34,083,476 (R$ 70,034,925 at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 69

Note 5 – Securities and derivative financial instruments (assets and liabilities) See below the composition by Securities and Derivatives type, maturity and portfolio already adjusted to their respective market values. a) Summary per maturity 06/30/2019 06/30/2018 Adjustment to market value Cost Stockholders’ Market value % 0 - 30 31 - 90 91 - 180 181 - 365 366 - 720 Over 720 Market value Results equity Government securities - domestic 141,790,927 1,806,627 3,377,945 146,975,499 31.1 1,196,339 148,246 3,003,146 5,229,793 27,928,458 109,469,517 155,024,762 Financial treasury bills 27,227,163 ( 206) (36) 27,226,921 5.7 - - - 1,103,626 6,600,912 19,522,383 34,936,814 National treasury bills 23,195,041 394,173 174,370 23,763,584 5.0 1,149,307 - 374,455 1,981,096 6,706,805 13,551,921 25,413,228 National treasury notes 57,138,302 1,189,943 2,614,310 60,942,555 13.0 7,100 148,154 35,914 181,678 8,882,430 51,687,279 59,742,399 National treasury/securitization 164,631 (227) 35,802 200,206 0.0 54 92 20 15 68 199,957 204,287 Brazilian external debt bonds 34,065,790 222,944 553,499 34,842,233 7.4 39,878 - 2,592,757 1,963,378 5,738,243 24,507,977 34,728,034 Government securities - abroad 34,386,005 18,456 (216,320) 34,188,141 7.2 2,818,417 4,765,005 3,267,279 6,839,401 9,485,928 7,012,111 30,594,956 Germany 21,985 - 38 22,023 0.0 - - - - 22,023 - - Argentina 1,555,088 9,539 - 1,564,627 0.3 1,285,281 64,570 100,737 47,399 62,849 3,791 499,192 Chile 11,361,645 2,345 61,250 11,425,240 2.4 170,697 6,749 6,346 3,387,083 3,482,004 4,372,361 9,794,827 Colombia 4,051,372 5,820 40,446 4,097,638 0.9 40,398 627,253 195,746 436,689 875,279 1,922,273 7,864,272 Korea 3,431,865 - - 3,431,865 0.7 - - - 766,725 2,665,140 - 1,442,735 Denmark - - - - 0.0 - - - - - - 492,413 Spain 3,104,843 - - 3,104,843 0.7 355,657 321,915 340,798 212,199 1,874,274 - 3,081,581 United States 2,064,337 ( 79) (5,409) 2,058,849 0.4 114,663 889,028 599,064 - - 456,094 2,124,768 France 327,359 - (74) 327,285 0.1 - 327,285 - - - - - Italy 111,272 - 168 111,440 0.0 - 111,440 - - - - - Mexico 6,002,691 395 (167,268) 5,835,818 1.2 370,287 2,324,968 1,760,437 1,369,678 280 10,168 2,734,858 Panama 19,802 - 104 19,906 0.0 - - - 19,906 - - - Paraguay 1,577,904 76 (142,864) 1,435,116 0.3 457,244 73,990 201,721 289,627 288,139 124,395 1,586,707 Uruguay 741,240 151 (2,700) 738,691 0.2 24,190 17,807 62,430 303,618 215,940 114,706 961,256 Other 14,602 209 (11) 14,800 0.0 - - - 6,477 - 8,323 263 Corporate securities 64,644,809 ( 19,538) 829,490 65,454,761 13.7 8,352,471 1,066,226 2,105,255 8,477,027 5,205,247 40,248,535 59,115,425 Shares 5,125,911 ( 64,266) 96,990 5,158,635 1.1 5,158,635 - - - - - 3,676,024 Rural product note 4,254,677 - 62,204 4,316,881 0.9 75,046 118,993 279,807 517,543 451,246 2,874,246 3,888,999 Bank deposit certificates 868,450 ( 42) (39) 868,369 0.2 249,473 304,445 93,294 170,786 50,371 - 651,324 Securitized real estate loans 8,992,019 ( 1,676) 46,370 9,036,713 1.9 - - - 11,718 53,450 8,971,545 13,348,240 Fund quotas 1,731,407 18,019 - 1,749,426 0.3 1,749,426 - - - - - 2,043,727 Credit rights 223,940 - - 223,940 0.0 223,940 - - - - - 273,474 Fixed income 940,174 284 - 940,458 0.2 940,458 - - - - - 1,048,504 Variable income 567,293 17,735 - 585,028 0.1 585,028 - - - - - 721,749 Debentures 33,520,834 25,349 544,413 34,090,596 7.2 18,455 174,633 509,314 5,843,431 2,311,594 25,233,169 23,094,869 Eurobonds and others 4,366,762 2,530 40,832 4,410,124 0.9 687,930 219,294 220,124 938,594 764,957 1,579,225 6,852,257 Financial bills 2,078,935 (274) (4) 2,078,657 0.4 81,537 60,714 201,018 371,448 1,251,045 112,895 2,698,404 Promissory notes 2,266,881 - 20,771 2,287,652 0.5 - 10,481 542,089 621,251 314,626 799,205 1,048,596 Other 1,438,933 822 17,953 1,457,708 0.3 331,969 177,666 259,609 2,256 7,958 678,250 1,812,985 (1) 195,920,688 - - 195,920,688 41.4 195,920,688 - - - - - 176,994,586 PGBL / VGBL fund quotas Subtotal - securities 436,742,429 1,805,545 3,991,115 442,539,089 93.4 208,287,915 5,979,477 8,375,680 20,546,221 42,619,633 156,730,163 421,729,729 Trading securities 285,205,588 1,805,545 - 287,011,133 60.5 204,437,533 450,324 1,728,851 5,590,229 16,667,696 58,136,500 279,953,542 Available-for-sale securities 112,926,872 - 3,991,115 116,917,987 24.7 3,480,683 5,351,487 5,271,616 14,776,992 15,944,395 72,092,814 100,897,444 (2) 38,609,969 - - 38,609,969 8.2 369,699 177,666 1,375,213 179,000 10,007,542 26,500,849 40,878,743 Held-to-maturity securities Derivative financial instruments 14,218,827 16,849,626 - 31,068,453 6.6 4,654,118 1,973,467 1,270,482 4,159,238 4,752,849 14,258,299 27,732,237 Total securities and derivative financial instruments 450,961,256 18,655,171 3,991,115 473,607,542 100.0 212,942,033 7,952,944 9,646,162 24,705,459 47,372,482 170,988,462 449,461,966 (assets) Derivative financial instruments (liabilities) (16,392,783) (19,262,413) - (35,655,196) ( 3,734,011) (1,526,547) (1,750,610) (5,343,407) (8,381,725) (14,918,896) (31,654,619) (1) The PGBL and VGBL plans securities portfolios, the ownership and embedded risks of which are the customer’s responsibility, are recorded as securities – trading securities, with a counter-entry to liabilities in Pension Plan Technical Provisions account (Note 8a); (2) Unrecorded adjustment to market value in the amount of R$ 2,991,137 (R$ 817,813 at 06/30/2018), according to Note 5e. During the period ended June 30, 2019, ITAÚ UNIBANCO HOLDING CONSOLIDATED recognized R$ (394,966) (R$ (796,356) at 06/30/2018) of impairment losses, of which R$ (394,966) (R$ (676,803) at 06/30/2018) of available-for-sale financial assets, with no amount as of that date (R$ (119,553) at 06/30/2018) of held-to-maturity assets. The Securities and Derivative Financial Instruments totaled R$ 408,559 (R$ (56,160) at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 70 Note 5 – Securities and derivative financial instruments (assets and liabilities) See below the composition by Securities and Derivatives type, maturity and portfolio already adjusted to their respective market values. a) Summary per maturity 06/30/2019 06/30/2018 Adjustment to market value Cost Stockholders’ Market value % 0 - 30 31 - 90 91 - 180 181 - 365 366 - 720 Over 720 Market value Results equity Government securities - domestic 141,790,927 1,806,627 3,377,945 146,975,499 31.1 1,196,339 148,246 3,003,146 5,229,793 27,928,458 109,469,517 155,024,762 Financial treasury bills 27,227,163 ( 206) (36) 27,226,921 5.7 - - - 1,103,626 6,600,912 19,522,383 34,936,814 National treasury bills 23,195,041 394,173 174,370 23,763,584 5.0 1,149,307 - 374,455 1,981,096 6,706,805 13,551,921 25,413,228 National treasury notes 57,138,302 1,189,943 2,614,310 60,942,555 13.0 7,100 148,154 35,914 181,678 8,882,430 51,687,279 59,742,399 National treasury/securitization 164,631 (227) 35,802 200,206 0.0 54 92 20 15 68 199,957 204,287 Brazilian external debt bonds 34,065,790 222,944 553,499 34,842,233 7.4 39,878 - 2,592,757 1,963,378 5,738,243 24,507,977 34,728,034 Government securities - abroad 34,386,005 18,456 (216,320) 34,188,141 7.2 2,818,417 4,765,005 3,267,279 6,839,401 9,485,928 7,012,111 30,594,956 Germany 21,985 - 38 22,023 0.0 - - - - 22,023 - - Argentina 1,555,088 9,539 - 1,564,627 0.3 1,285,281 64,570 100,737 47,399 62,849 3,791 499,192 Chile 11,361,645 2,345 61,250 11,425,240 2.4 170,697 6,749 6,346 3,387,083 3,482,004 4,372,361 9,794,827 Colombia 4,051,372 5,820 40,446 4,097,638 0.9 40,398 627,253 195,746 436,689 875,279 1,922,273 7,864,272 Korea 3,431,865 - - 3,431,865 0.7 - - - 766,725 2,665,140 - 1,442,735 Denmark - - - - 0.0 - - - - - - 492,413 Spain 3,104,843 - - 3,104,843 0.7 355,657 321,915 340,798 212,199 1,874,274 - 3,081,581 United States 2,064,337 ( 79) (5,409) 2,058,849 0.4 114,663 889,028 599,064 - - 456,094 2,124,768 France 327,359 - (74) 327,285 0.1 - 327,285 - - - - - Italy 111,272 - 168 111,440 0.0 - 111,440 - - - - - Mexico 6,002,691 395 (167,268) 5,835,818 1.2 370,287 2,324,968 1,760,437 1,369,678 280 10,168 2,734,858 Panama 19,802 - 104 19,906 0.0 - - - 19,906 - - - Paraguay 1,577,904 76 (142,864) 1,435,116 0.3 457,244 73,990 201,721 289,627 288,139 124,395 1,586,707 Uruguay 741,240 151 (2,700) 738,691 0.2 24,190 17,807 62,430 303,618 215,940 114,706 961,256 Other 14,602 209 (11) 14,800 0.0 - - - 6,477 - 8,323 263 Corporate securities 64,644,809 ( 19,538) 829,490 65,454,761 13.7 8,352,471 1,066,226 2,105,255 8,477,027 5,205,247 40,248,535 59,115,425 Shares 5,125,911 ( 64,266) 96,990 5,158,635 1.1 5,158,635 - - - - - 3,676,024 Rural product note 4,254,677 - 62,204 4,316,881 0.9 75,046 118,993 279,807 517,543 451,246 2,874,246 3,888,999 Bank deposit certificates 868,450 ( 42) (39) 868,369 0.2 249,473 304,445 93,294 170,786 50,371 - 651,324 Securitized real estate loans 8,992,019 ( 1,676) 46,370 9,036,713 1.9 - - - 11,718 53,450 8,971,545 13,348,240 Fund quotas 1,731,407 18,019 - 1,749,426 0.3 1,749,426 - - - - - 2,043,727 Credit rights 223,940 - - 223,940 0.0 223,940 - - - - - 273,474 Fixed income 940,174 284 - 940,458 0.2 940,458 - - - - - 1,048,504 Variable income 567,293 17,735 - 585,028 0.1 585,028 - - - - - 721,749 Debentures 33,520,834 25,349 544,413 34,090,596 7.2 18,455 174,633 509,314 5,843,431 2,311,594 25,233,169 23,094,869 Eurobonds and others 4,366,762 2,530 40,832 4,410,124 0.9 687,930 219,294 220,124 938,594 764,957 1,579,225 6,852,257 Financial bills 2,078,935 (274) (4) 2,078,657 0.4 81,537 60,714 201,018 371,448 1,251,045 112,895 2,698,404 Promissory notes 2,266,881 - 20,771 2,287,652 0.5 - 10,481 542,089 621,251 314,626 799,205 1,048,596 Other 1,438,933 822 17,953 1,457,708 0.3 331,969 177,666 259,609 2,256 7,958 678,250 1,812,985 (1) 195,920,688 - - 195,920,688 41.4 195,920,688 - - - - - 176,994,586 PGBL / VGBL fund quotas Subtotal - securities 436,742,429 1,805,545 3,991,115 442,539,089 93.4 208,287,915 5,979,477 8,375,680 20,546,221 42,619,633 156,730,163 421,729,729 Trading securities 285,205,588 1,805,545 - 287,011,133 60.5 204,437,533 450,324 1,728,851 5,590,229 16,667,696 58,136,500 279,953,542 Available-for-sale securities 112,926,872 - 3,991,115 116,917,987 24.7 3,480,683 5,351,487 5,271,616 14,776,992 15,944,395 72,092,814 100,897,444 (2) 38,609,969 - - 38,609,969 8.2 369,699 177,666 1,375,213 179,000 10,007,542 26,500,849 40,878,743 Held-to-maturity securities Derivative financial instruments 14,218,827 16,849,626 - 31,068,453 6.6 4,654,118 1,973,467 1,270,482 4,159,238 4,752,849 14,258,299 27,732,237 Total securities and derivative financial instruments 450,961,256 18,655,171 3,991,115 473,607,542 100.0 212,942,033 7,952,944 9,646,162 24,705,459 47,372,482 170,988,462 449,461,966 (assets) Derivative financial instruments (liabilities) (16,392,783) (19,262,413) - (35,655,196) ( 3,734,011) (1,526,547) (1,750,610) (5,343,407) (8,381,725) (14,918,896) (31,654,619) (1) The PGBL and VGBL plans securities portfolios, the ownership and embedded risks of which are the customer’s responsibility, are recorded as securities – trading securities, with a counter-entry to liabilities in Pension Plan Technical Provisions account (Note 8a); (2) Unrecorded adjustment to market value in the amount of R$ 2,991,137 (R$ 817,813 at 06/30/2018), according to Note 5e. During the period ended June 30, 2019, ITAÚ UNIBANCO HOLDING CONSOLIDATED recognized R$ (394,966) (R$ (796,356) at 06/30/2018) of impairment losses, of which R$ (394,966) (R$ (676,803) at 06/30/2018) of available-for-sale financial assets, with no amount as of that date (R$ (119,553) at 06/30/2018) of held-to-maturity assets. The Securities and Derivative Financial Instruments totaled R$ 408,559 (R$ (56,160) at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 70

b) Summary by portfolio 06/30/2019 Restricted to Derivative Assets guaranteeing Own portfolio Repurchase Pledged financial technical provisions Total Free portfolio Central Bank agreements guarantees (*) instruments (Note 8b) Government securities - domestic 81,656,974 34,404,506 14,216,131 1,607,166 3,626,343 - 11,464,379 146,975,499 Financial treasury bills 24,691,038 341,529 1,738 767,190 111,041 - 1,314,385 27,226,921 National treasury bills 15,987,775 7,752,192 - 23,617 - - - 23,763,584 National treasury notes 20,587,282 26,310,785 - 379,192 3,515,302 - 10,149,994 60,942,555 National treasury / Securitization 200,206 - - - - - - 200,206 Brazilian external debt bonds 20,190,673 - 14,214,393 437,167 - - - 34,842,233 Government securities - abroad 27,209,059 782,474 3,219,645 2,794,968 - - 181,995 34,188,141 Germany 22,023 - - - - - - 22,023 Argentina 1,540,841 6,359 - 17,427 - - - 1,564,627 Chile 10,810,930 402,344 - 29,971 - - 181,995 11,425,240 Colombia 707,847 - 3,219,645 170,146 - - - 4,097,638 Korea 2,237,020 - - 1,194,845 - - - 3,431,865 Spain 2,149,191 - - 955,652 - - - 3,104,843 United States 1,639,855 - - 418,994 - - - 2,058,849 France 327,285 - - - - - - 327,285 Italy 111,440 - - - - - - 111,440 Mexico 5,835,818 - - - - - - 5,835,818 Panama 19,906 - - - - - - 19,906 Paraguay 1,055,969 373,771 - 5,376 - - - 1,435,116 Uruguay 736,134 - - 2,557 - - - 738,691 Other 14,800 - - - - - - 14,800 47,804,523 10,006,122 562,407 3,911,140 - - 3,170,569 65,454,761 Corporate securities Shares 5,155,117 - - 3,518 - - - 5,158,635 Rural product note 4,316,881 - - - - - - 4,316,881 Bank deposit certificates 513,424 - - 557 - - 354,388 868,369 Securitized real estate loans 9,036,713 - - - - - - 9,036,713 Fund quotas 1,483,146 - - 121,031 - - 145,249 1,749,426 Credit rights 223,940 - - - - - - 223,940 674,178 - - 121,031 - - 145,249 940,458 Fixed income Variable income 585,028 - - - - - - 585,028 Debentures 19,467,128 10,006,122 - 3,765,256 - - 852,090 34,090,596 Eurobonds and other 3,819,420 - 562,407 20,778 - - 7,519 4,410,124 Financial bills 267,334 - - - - - 1,811,323 2,078,657 Promissory notes 2,287,652 - - - - - - 2,287,652 Other 1,457,708 - - - - - - 1,457,708 PGBL / VGBL fund quotas - - - - - - 195,920,688 195,920,688 Subtotal - securities 156,670,556 45,193,102 17,998,183 8,313,274 3,626,343 - 210,737,631 442,539,089 Trading securities 55,983,774 23,213,951 2,342,890 1,941,163 3,055,866 - 200,473,489 287,011,133 Available-for-sale securities 72,122,969 21,979,151 9,873,746 6,372,111 570,477 - 5,999,533 116,917,987 Held-to-maturity securities 28,563,813 - 5,781,547 - - - 4,264,609 38,609,969 Derivative financial instruments - - - - - 31,068,453 - 31,068,453 156,670,556 45,193,102 17,998,183 8,313,274 3,626,343 31,068,453 210,737,631 473,607,542 Total securities and derivative financial instruments (assets) Total securities and derivative financial instruments (assets) – 06/30/2018 125,193,236 53,760,815 31,476,708 14,289,900 8,208,399 27,732,237 188,800,671 449,461,966 (*) Represent securities deposited with provisions (Note 9e), Stock Exchanges and the Clearing House for the Custody and Financial Settlement of Securities. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 71 b) Summary by portfolio 06/30/2019 Restricted to Derivative Assets guaranteeing Own portfolio Repurchase Pledged financial technical provisions Total Free portfolio Central Bank agreements guarantees (*) instruments (Note 8b) Government securities - domestic 81,656,974 34,404,506 14,216,131 1,607,166 3,626,343 - 11,464,379 146,975,499 Financial treasury bills 24,691,038 341,529 1,738 767,190 111,041 - 1,314,385 27,226,921 National treasury bills 15,987,775 7,752,192 - 23,617 - - - 23,763,584 National treasury notes 20,587,282 26,310,785 - 379,192 3,515,302 - 10,149,994 60,942,555 National treasury / Securitization 200,206 - - - - - - 200,206 Brazilian external debt bonds 20,190,673 - 14,214,393 437,167 - - - 34,842,233 Government securities - abroad 27,209,059 782,474 3,219,645 2,794,968 - - 181,995 34,188,141 Germany 22,023 - - - - - - 22,023 Argentina 1,540,841 6,359 - 17,427 - - - 1,564,627 Chile 10,810,930 402,344 - 29,971 - - 181,995 11,425,240 Colombia 707,847 - 3,219,645 170,146 - - - 4,097,638 Korea 2,237,020 - - 1,194,845 - - - 3,431,865 Spain 2,149,191 - - 955,652 - - - 3,104,843 United States 1,639,855 - - 418,994 - - - 2,058,849 France 327,285 - - - - - - 327,285 Italy 111,440 - - - - - - 111,440 Mexico 5,835,818 - - - - - - 5,835,818 Panama 19,906 - - - - - - 19,906 Paraguay 1,055,969 373,771 - 5,376 - - - 1,435,116 Uruguay 736,134 - - 2,557 - - - 738,691 Other 14,800 - - - - - - 14,800 47,804,523 10,006,122 562,407 3,911,140 - - 3,170,569 65,454,761 Corporate securities Shares 5,155,117 - - 3,518 - - - 5,158,635 Rural product note 4,316,881 - - - - - - 4,316,881 Bank deposit certificates 513,424 - - 557 - - 354,388 868,369 Securitized real estate loans 9,036,713 - - - - - - 9,036,713 Fund quotas 1,483,146 - - 121,031 - - 145,249 1,749,426 Credit rights 223,940 - - - - - - 223,940 674,178 - - 121,031 - - 145,249 940,458 Fixed income Variable income 585,028 - - - - - - 585,028 Debentures 19,467,128 10,006,122 - 3,765,256 - - 852,090 34,090,596 Eurobonds and other 3,819,420 - 562,407 20,778 - - 7,519 4,410,124 Financial bills 267,334 - - - - - 1,811,323 2,078,657 Promissory notes 2,287,652 - - - - - - 2,287,652 Other 1,457,708 - - - - - - 1,457,708 PGBL / VGBL fund quotas - - - - - - 195,920,688 195,920,688 Subtotal - securities 156,670,556 45,193,102 17,998,183 8,313,274 3,626,343 - 210,737,631 442,539,089 Trading securities 55,983,774 23,213,951 2,342,890 1,941,163 3,055,866 - 200,473,489 287,011,133 Available-for-sale securities 72,122,969 21,979,151 9,873,746 6,372,111 570,477 - 5,999,533 116,917,987 Held-to-maturity securities 28,563,813 - 5,781,547 - - - 4,264,609 38,609,969 Derivative financial instruments - - - - - 31,068,453 - 31,068,453 156,670,556 45,193,102 17,998,183 8,313,274 3,626,343 31,068,453 210,737,631 473,607,542 Total securities and derivative financial instruments (assets) Total securities and derivative financial instruments (assets) – 06/30/2018 125,193,236 53,760,815 31,476,708 14,289,900 8,208,399 27,732,237 188,800,671 449,461,966 (*) Represent securities deposited with provisions (Note 9e), Stock Exchanges and the Clearing House for the Custody and Financial Settlement of Securities. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 71

c) Trading securities See below the composition of the portfolio of trading securities by type, stated at cost and market value and by maturity term. 06/30/2019 06/30/2018 Adjustment to Cost market value Market value % 0 - 30 31 - 90 91 - 180 181 - 365 366 - 720 Over 720 days Market value (in results) Government securities - domestic 7 5,401,675 1 ,806,627 77,208,302 26.9 1 ,156,461 148,246 1 ,099,882 4 ,116,703 1 4,574,809 5 6,112,201 9 1,878,193 Financial treasury bills 2 6,984,134 (20 6) 2 6,983,928 9.4 - - - 8 77,805 6,600,057 1 9,506,066 34,708,287 National treasury bills 1 3,305,289 394,173 13,699,462 4.8 1,149,307 - 367,894 1,181,238 1,619,619 9 ,381,404 14,407,915 National treasury notes 29,209,880 1,189,943 30,399,823 10.6 7,100 1 48,154 35,914 1 81,678 5 ,895,926 24,131,051 3 9,317,492 National treasury / Securitization 583 (22 7) 356 0.0 54 92 20 15 68 107 568 Brazilian external debt bonds 5 ,901,789 2 22,944 6 ,124,733 2.1 - - 6 96,054 1 ,875,967 4 59,139 3,093,573 3,443,931 Government securities - abroad 2,807,177 18,456 2,825,633 0.9 1,397,836 1 94,429 212,519 504,879 2 95,559 2 20,411 1 ,291,032 Argentina 1 ,555,088 9 ,539 1 ,564,627 0.6 1,285,281 6 4,570 100,737 47,399 62,849 3,791 4 71,284 Chile 549,114 2 ,345 5 51,459 0.2 96,891 6 ,749 - 122,091 170,233 155,495 257,776 Colombia 4 20,524 5,820 4 26,344 0.1 - - 102,612 269,440 17,539 36,753 2 33,713 United States 115,268 (79) 115,189 0.0 - 115,189 - - - - 1 16,167 Mexico 1 0,077 395 1 0,472 0.0 - - - 24 280 10,168 32,579 Paraguay 2,069 76 2,145 0.0 - - - - - 2,145 5,697 Peru - - - 0.0 - - - - - - 1 2,084 Uruguay 1 40,697 151 140,848 0.0 15,664 7 ,921 9,170 5 9,481 44,658 3,954 1 61,722 Other 1 4,340 209 14,549 0.0 - - - 6,444 - 8 ,105 10 Corporate securities 11,076,048 (19 ,538) 1 1,056,510 3.9 5,962,548 1 07,649 4 16,450 968,647 1,797,328 1 ,803,888 9,789,731 Shares 4 ,204,238 (64 ,266) 4,139,972 1.5 4,139,972 - - - - - 3,229,322 Bank deposit certificates 469,331 (42) 4 69,289 0.2 1 67,625 1 ,094 7 9,435 1 70,764 5 0,371 - 312,664 Securitized real estate loans 55,789 (1,6 76) 5 4,113 0.0 - - - - - 54,113 3 4,503 Fund quotas 1 ,532,464 1 8,019 1 ,550,483 0.6 1,550,483 - - - - - 1,724,473 Credit rights 223,940 - 2 23,940 0.1 2 23,940 - - - - - 2 73,474 Fixed income 741,231 284 741,515 0.3 741,515 - - - - - 729,250 Variable income 567,293 1 7,735 585,028 0.2 585,028 - - - - - 7 21,749 Debentures 1,506,902 25,349 1 ,532,251 0.5 833 45,836 2 6,576 1 4,635 4 08,102 1,036,269 1,508,515 Eurobonds and other 1,211,430 2 ,530 1,213,960 0.4 48,277 5 104,040 409,544 79,852 5 72,242 795,265 Financial bills 2,050,084 (274) 2 ,049,810 0.7 52,690 6 0,714 201,018 371,448 1,251,045 112,895 2,089,754 Other 4 5,810 822 46,632 0.0 2 ,668 - 5 ,381 2,256 7,958 2 8,369 95,235 PGBL / VGBL fund quotas 1 95,920,688 - 1 95,920,688 68.3 1 95,920,688 - - - - - 1 76,994,586 Total 2 85,205,588 1,805,545 287,011,133 100.0 204,437,533 4 50,324 1 ,728,851 5 ,590,229 1 6,667,696 5 8,136,500 2 79,953,542 % per maturity term 71.2 0.2 0.6 1.9 5.8 20.3 Total – 06/30/2018 280,978,898 (1,025,356) 279,953,542 100.0 182,893,174 10,269,662 1,874,370 9,092,818 6,190,734 69,632,784 % per maturity term 65.3 3.7 0.7 3.2 2.2 24.9 As of June 30, 2019, ITAÚ UNIBANCO HOLDING’s portfolio comprises Shares of Fixed Income Funds, with no amount as of that date, (R$ 5,633 as of June 30, 2018 with no maturity), National Treasury Bills in the amount of R$ 4,371,427 above 365 days (R$ 3,638,001 as of June 30, 2018) and National Treasury Bills in the amount of R$ 1,829,846 (R$ 6,423,326 as of June 30, 2018) above 365 days. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 72 c) Trading securities See below the composition of the portfolio of trading securities by type, stated at cost and market value and by maturity term. 06/30/2019 06/30/2018 Adjustment to Cost market value Market value % 0 - 30 31 - 90 91 - 180 181 - 365 366 - 720 Over 720 days Market value (in results) Government securities - domestic 7 5,401,675 1 ,806,627 77,208,302 26.9 1 ,156,461 148,246 1 ,099,882 4 ,116,703 1 4,574,809 5 6,112,201 9 1,878,193 Financial treasury bills 2 6,984,134 (20 6) 2 6,983,928 9.4 - - - 8 77,805 6,600,057 1 9,506,066 34,708,287 National treasury bills 1 3,305,289 394,173 13,699,462 4.8 1,149,307 - 367,894 1,181,238 1,619,619 9 ,381,404 14,407,915 National treasury notes 29,209,880 1,189,943 30,399,823 10.6 7,100 1 48,154 35,914 1 81,678 5 ,895,926 24,131,051 3 9,317,492 National treasury / Securitization 583 (22 7) 356 0.0 54 92 20 15 68 107 568 Brazilian external debt bonds 5 ,901,789 2 22,944 6 ,124,733 2.1 - - 6 96,054 1 ,875,967 4 59,139 3,093,573 3,443,931 Government securities - abroad 2,807,177 18,456 2,825,633 0.9 1,397,836 1 94,429 212,519 504,879 2 95,559 2 20,411 1 ,291,032 Argentina 1 ,555,088 9 ,539 1 ,564,627 0.6 1,285,281 6 4,570 100,737 47,399 62,849 3,791 4 71,284 Chile 549,114 2 ,345 5 51,459 0.2 96,891 6 ,749 - 122,091 170,233 155,495 257,776 Colombia 4 20,524 5,820 4 26,344 0.1 - - 102,612 269,440 17,539 36,753 2 33,713 United States 115,268 (79) 115,189 0.0 - 115,189 - - - - 1 16,167 Mexico 1 0,077 395 1 0,472 0.0 - - - 24 280 10,168 32,579 Paraguay 2,069 76 2,145 0.0 - - - - - 2,145 5,697 Peru - - - 0.0 - - - - - - 1 2,084 Uruguay 1 40,697 151 140,848 0.0 15,664 7 ,921 9,170 5 9,481 44,658 3,954 1 61,722 Other 1 4,340 209 14,549 0.0 - - - 6,444 - 8 ,105 10 Corporate securities 11,076,048 (19 ,538) 1 1,056,510 3.9 5,962,548 1 07,649 4 16,450 968,647 1,797,328 1 ,803,888 9,789,731 Shares 4 ,204,238 (64 ,266) 4,139,972 1.5 4,139,972 - - - - - 3,229,322 Bank deposit certificates 469,331 (42) 4 69,289 0.2 1 67,625 1 ,094 7 9,435 1 70,764 5 0,371 - 312,664 Securitized real estate loans 55,789 (1,6 76) 5 4,113 0.0 - - - - - 54,113 3 4,503 Fund quotas 1 ,532,464 1 8,019 1 ,550,483 0.6 1,550,483 - - - - - 1,724,473 Credit rights 223,940 - 2 23,940 0.1 2 23,940 - - - - - 2 73,474 Fixed income 741,231 284 741,515 0.3 741,515 - - - - - 729,250 Variable income 567,293 1 7,735 585,028 0.2 585,028 - - - - - 7 21,749 Debentures 1,506,902 25,349 1 ,532,251 0.5 833 45,836 2 6,576 1 4,635 4 08,102 1,036,269 1,508,515 Eurobonds and other 1,211,430 2 ,530 1,213,960 0.4 48,277 5 104,040 409,544 79,852 5 72,242 795,265 Financial bills 2,050,084 (274) 2 ,049,810 0.7 52,690 6 0,714 201,018 371,448 1,251,045 112,895 2,089,754 Other 4 5,810 822 46,632 0.0 2 ,668 - 5 ,381 2,256 7,958 2 8,369 95,235 PGBL / VGBL fund quotas 1 95,920,688 - 1 95,920,688 68.3 1 95,920,688 - - - - - 1 76,994,586 Total 2 85,205,588 1,805,545 287,011,133 100.0 204,437,533 4 50,324 1 ,728,851 5 ,590,229 1 6,667,696 5 8,136,500 2 79,953,542 % per maturity term 71.2 0.2 0.6 1.9 5.8 20.3 Total – 06/30/2018 280,978,898 (1,025,356) 279,953,542 100.0 182,893,174 10,269,662 1,874,370 9,092,818 6,190,734 69,632,784 % per maturity term 65.3 3.7 0.7 3.2 2.2 24.9 As of June 30, 2019, ITAÚ UNIBANCO HOLDING’s portfolio comprises Shares of Fixed Income Funds, with no amount as of that date, (R$ 5,633 as of June 30, 2018 with no maturity), National Treasury Bills in the amount of R$ 4,371,427 above 365 days (R$ 3,638,001 as of June 30, 2018) and National Treasury Bills in the amount of R$ 1,829,846 (R$ 6,423,326 as of June 30, 2018) above 365 days. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 72

d) Available-for-sale securities See below the composition of the portfolio of available-for-sale securities by type, stated at cost and market value and by maturity term. 06/30/2019 06/30/2018 Adjustments to market value Cost (in Market value % 0 - 30 31 - 90 91 - 180 181 - 365 366 - 720 Over 720 days Market value stockholders' equity) Government securities - domestic 36,561,750 3,377,945 39,939,695 34.1 39,878 - 871,895 1,113,090 3,399,557 34,515,275 35,595,492 Financial treasury bills 243,029 (36) 242,993 0.2 - - - 225,821 855 16,317 228,527 National treasury bills 5,857,795 174,370 6,032,165 5.2 - - 6,561 799,858 1,055,229 4,170,517 7,297,824 National treasury notes 20,902,885 2,614,310 23,517,195 20.1 - - - - 1,130,267 22,386,928 15,710,857 National treasury / Securitization 164,048 35,802 199,850 0.2 - - - - - 199,850 203,719 Brazilian external debt bonds 9,393,993 553,499 9,947,492 8.4 39,878 - 865,334 87,411 1,213,206 7,741,663 12,154,565 Government securities - abroad 31,266,630 (216,320) 31,050,310 26.6 1,380,183 4,570,576 2,965,144 6,167,240 9,190,369 6,776,798 28,865,545 Germany 21,985 38 22,023 0.0 - - - - 22,023 - - Argentina - - - 0.0 - - - - - - 27,908 Chile 10,812,531 61,250 10,873,781 9.3 73,806 - 6,346 3,264,992 3,311,771 4,216,866 9,537,051 Colombia 3,333,585 40,446 3,374,031 2.9 - 627,253 3,518 - 857,740 1,885,520 7,207,127 Korea 3,431,865 - 3,431,865 2.9 - - - 766,725 2,665,140 - 1,442,735 Denmark - - - 0.0 - - - - - - 492,413 Spain 3,104,843 - 3,104,843 2.7 355,657 321,915 340,798 212,199 1,874,274 - 3,081,581 United States 1,949,069 (5,409) 1,943,660 1.7 114,663 773,839 599,064 - - 456,094 2,008,601 France 327,359 (74) 327,285 0.3 - 327,285 - - - - - Italy 111,272 168 111,440 0.1 - 111,440 - - - - - Mexico 5,992,614 (167,268) 5,825,346 5.0 370,287 2,324,968 1,760,437 1,369,654 - - 2,702,279 Panama 19,802 104 19,906 0.0 - - - 19,906 - - - Paraguay 1,575,835 (142,864) 1,432,971 1.2 457,244 73,990 201,721 289,627 288,139 122,250 1,581,010 Uruguay 585,641 (2,700) 582,941 0.5 8,526 9,886 53,260 244,137 171,282 95,850 784,618 Other 229 (11) 218 0.0 - - - - - 218 222 Corporate securities 45,098,492 829,490 45,927,982 39.3 2,060,622 780,911 1,434,577 7,496,662 3,354,469 30,800,741 36,436,407 Shares 921,673 96,990 1,018,663 0.9 1,018,663 - - - - - 446,702 Rural product note 4,254,677 62,204 4,316,881 3.7 75,046 118,993 279,807 517,543 451,246 2,874,246 3,888,999 Bank deposit certificate 399,119 (39) 399,080 0.3 81,848 303,351 13,859 22 - - 338,655 Securitized real estate loans 1,233,403 46,370 1,279,773 1.1 - - - - - 1,279,773 1,531,959 Fund quotas 198,943 - 198,943 0.2 198,943 - - - - - 319,254 Debentures 32,007,705 544,413 32,552,118 27.8 17,622 128,797 482,738 5,828,796 1,903,492 24,190,673 21,579,693 Eurobonds and other 3,155,332 40,832 3,196,164 2.7 639,653 219,289 116,084 529,050 685,105 1,006,983 6,053,944 Financial bills 28,851 (4) 28,847 0.0 28,847 - - - - - 608,650 Promissory notes 2,266,881 20,771 2,287,652 2.0 - 10,481 542,089 621,251 314,626 799,205 1,048,596 Other 631,908 17,953 649,861 0.6 - - - - - 649,861 619,955 Total 112,926,872 3,991,115 116,917,987 100.0 3,480,683 5,351,487 5,271,616 14,776,992 15,944,395 72,092,814 100,897,444 % per maturity term 3.0 4.6 4.5 12.6 13.6 61.7 Total – 06/30/2018 102,756,018 (1,858,574) 100,897,444 100.0 4,599,914 3,507,383 5,811,481 7,895,458 20,914,528 58,168,680 % per maturity term 4.6 3.5 5.8 7.8 20.7 57.6 At June 30, 2018, at ITAÚ UNIBANCO HOLDING the portfolio is composed of Eurobonds, in the amount of R$ 2,677 with maturity from 181 to 365 days. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 73 d) Available-for-sale securities See below the composition of the portfolio of available-for-sale securities by type, stated at cost and market value and by maturity term. 06/30/2019 06/30/2018 Adjustments to market value Cost (in Market value % 0 - 30 31 - 90 91 - 180 181 - 365 366 - 720 Over 720 days Market value stockholders' equity) Government securities - domestic 36,561,750 3,377,945 39,939,695 34.1 39,878 - 871,895 1,113,090 3,399,557 34,515,275 35,595,492 Financial treasury bills 243,029 (36) 242,993 0.2 - - - 225,821 855 16,317 228,527 National treasury bills 5,857,795 174,370 6,032,165 5.2 - - 6,561 799,858 1,055,229 4,170,517 7,297,824 National treasury notes 20,902,885 2,614,310 23,517,195 20.1 - - - - 1,130,267 22,386,928 15,710,857 National treasury / Securitization 164,048 35,802 199,850 0.2 - - - - - 199,850 203,719 Brazilian external debt bonds 9,393,993 553,499 9,947,492 8.4 39,878 - 865,334 87,411 1,213,206 7,741,663 12,154,565 Government securities - abroad 31,266,630 (216,320) 31,050,310 26.6 1,380,183 4,570,576 2,965,144 6,167,240 9,190,369 6,776,798 28,865,545 Germany 21,985 38 22,023 0.0 - - - - 22,023 - - Argentina - - - 0.0 - - - - - - 27,908 Chile 10,812,531 61,250 10,873,781 9.3 73,806 - 6,346 3,264,992 3,311,771 4,216,866 9,537,051 Colombia 3,333,585 40,446 3,374,031 2.9 - 627,253 3,518 - 857,740 1,885,520 7,207,127 Korea 3,431,865 - 3,431,865 2.9 - - - 766,725 2,665,140 - 1,442,735 Denmark - - - 0.0 - - - - - - 492,413 Spain 3,104,843 - 3,104,843 2.7 355,657 321,915 340,798 212,199 1,874,274 - 3,081,581 United States 1,949,069 (5,409) 1,943,660 1.7 114,663 773,839 599,064 - - 456,094 2,008,601 France 327,359 (74) 327,285 0.3 - 327,285 - - - - - Italy 111,272 168 111,440 0.1 - 111,440 - - - - - Mexico 5,992,614 (167,268) 5,825,346 5.0 370,287 2,324,968 1,760,437 1,369,654 - - 2,702,279 Panama 19,802 104 19,906 0.0 - - - 19,906 - - - Paraguay 1,575,835 (142,864) 1,432,971 1.2 457,244 73,990 201,721 289,627 288,139 122,250 1,581,010 Uruguay 585,641 (2,700) 582,941 0.5 8,526 9,886 53,260 244,137 171,282 95,850 784,618 Other 229 (11) 218 0.0 - - - - - 218 222 Corporate securities 45,098,492 829,490 45,927,982 39.3 2,060,622 780,911 1,434,577 7,496,662 3,354,469 30,800,741 36,436,407 Shares 921,673 96,990 1,018,663 0.9 1,018,663 - - - - - 446,702 Rural product note 4,254,677 62,204 4,316,881 3.7 75,046 118,993 279,807 517,543 451,246 2,874,246 3,888,999 Bank deposit certificate 399,119 (39) 399,080 0.3 81,848 303,351 13,859 22 - - 338,655 Securitized real estate loans 1,233,403 46,370 1,279,773 1.1 - - - - - 1,279,773 1,531,959 Fund quotas 198,943 - 198,943 0.2 198,943 - - - - - 319,254 Debentures 32,007,705 544,413 32,552,118 27.8 17,622 128,797 482,738 5,828,796 1,903,492 24,190,673 21,579,693 Eurobonds and other 3,155,332 40,832 3,196,164 2.7 639,653 219,289 116,084 529,050 685,105 1,006,983 6,053,944 Financial bills 28,851 (4) 28,847 0.0 28,847 - - - - - 608,650 Promissory notes 2,266,881 20,771 2,287,652 2.0 - 10,481 542,089 621,251 314,626 799,205 1,048,596 Other 631,908 17,953 649,861 0.6 - - - - - 649,861 619,955 Total 112,926,872 3,991,115 116,917,987 100.0 3,480,683 5,351,487 5,271,616 14,776,992 15,944,395 72,092,814 100,897,444 % per maturity term 3.0 4.6 4.5 12.6 13.6 61.7 Total – 06/30/2018 102,756,018 (1,858,574) 100,897,444 100.0 4,599,914 3,507,383 5,811,481 7,895,458 20,914,528 58,168,680 % per maturity term 4.6 3.5 5.8 7.8 20.7 57.6 At June 30, 2018, at ITAÚ UNIBANCO HOLDING the portfolio is composed of Eurobonds, in the amount of R$ 2,677 with maturity from 181 to 365 days. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 73

e) Held-to-maturity securities See below the composition of the portfolio of held-to-maturity securities by type, stated at cost and by maturity term. Included in the carrying value at 06/30/2019, not considered in results, is an impairment loss of R$ 296,619 (R$ 393,189 at 06/30/2018). 06/30/2019 06/30/2018 Market Carrying Carrying value % 0 - 30 31 - 90 91 - 180 181 - 365 366 - 720 Over 720 days Market value value value 29,827,502 77.2 - - 1,031,369 - 9,954,092 18,842,041 32,517,426 27,551,077 27,845,438 Government securities - domestic National treasury bills 4,031,957 10.4 - - - - 4,031,957 - 4,132,557 3,707,489 3,688,010 National treasury notes 7,025,537 18.2 - - - - 1,856,237 5,169,300 8,644,906 4,714,050 5,321,097 Brazilian external debt bonds 18,770,008 48.6 - - 1,031,369 - 4,065,898 13,672,741 19,739,963 19,129,538 18,836,331 Government securities - abroad 312,198 0.8 40,398 - 89,616 167,282 - 14,902 312,361 438,379 435,423 Colombia 297,263 0.8 40,398 - 89,616 167,249 - - 289,679 423,432 414,610 Uruguay 14,902 - - - - - - 14,902 22,681 14,916 20,812 Other 33 - - - - 33 - - 1 31 1 Corporate securities 8,470,269 22.0 329,301 177,666 254,228 11,718 53,450 7,643,906 8,771,319 12,889,287 13,415,695 Bank deposit certificate - - - - - - - - - 5 5 Securitized real estate loans 7,702,827 20.0 - - - 11,718 53,450 7,637,659 8,003,877 11,781,778 12,308,186 Debentures 6,227 - - - - - - 6,227 6,227 6,661 6,661 Eurobonds and other - - - - - - - - - 3,048 3,048 Other 761,215 2.0 329,301 177,666 254,228 - - 20 761,215 1,097,795 1,097,795 Total 38,609,969 100.0 369,699 177,666 1,375,213 179,000 10,007,542 26,500,849 41,601,106 40,878,743 41,696,556 % per maturity term 1.0 0.5 3.6 0.5 25.9 68.5 Total – 06/30/2018 40,878,743 100.0 277,464 310,223 609,913 816,510 1,227,135 37,637,498 % per maturity term 0.7 0.8 1.5 2.0 3.0 92.0 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 74 e) Held-to-maturity securities See below the composition of the portfolio of held-to-maturity securities by type, stated at cost and by maturity term. Included in the carrying value at 06/30/2019, not considered in results, is an impairment loss of R$ 296,619 (R$ 393,189 at 06/30/2018). 06/30/2019 06/30/2018 Market Carrying Carrying value % 0 - 30 31 - 90 91 - 180 181 - 365 366 - 720 Over 720 days Market value value value 29,827,502 77.2 - - 1,031,369 - 9,954,092 18,842,041 32,517,426 27,551,077 27,845,438 Government securities - domestic National treasury bills 4,031,957 10.4 - - - - 4,031,957 - 4,132,557 3,707,489 3,688,010 National treasury notes 7,025,537 18.2 - - - - 1,856,237 5,169,300 8,644,906 4,714,050 5,321,097 Brazilian external debt bonds 18,770,008 48.6 - - 1,031,369 - 4,065,898 13,672,741 19,739,963 19,129,538 18,836,331 Government securities - abroad 312,198 0.8 40,398 - 89,616 167,282 - 14,902 312,361 438,379 435,423 Colombia 297,263 0.8 40,398 - 89,616 167,249 - - 289,679 423,432 414,610 Uruguay 14,902 - - - - - - 14,902 22,681 14,916 20,812 Other 33 - - - - 33 - - 1 31 1 Corporate securities 8,470,269 22.0 329,301 177,666 254,228 11,718 53,450 7,643,906 8,771,319 12,889,287 13,415,695 Bank deposit certificate - - - - - - - - - 5 5 Securitized real estate loans 7,702,827 20.0 - - - 11,718 53,450 7,637,659 8,003,877 11,781,778 12,308,186 Debentures 6,227 - - - - - - 6,227 6,227 6,661 6,661 Eurobonds and other - - - - - - - - - 3,048 3,048 Other 761,215 2.0 329,301 177,666 254,228 - - 20 761,215 1,097,795 1,097,795 Total 38,609,969 100.0 369,699 177,666 1,375,213 179,000 10,007,542 26,500,849 41,601,106 40,878,743 41,696,556 % per maturity term 1.0 0.5 3.6 0.5 25.9 68.5 Total – 06/30/2018 40,878,743 100.0 277,464 310,223 609,913 816,510 1,227,135 37,637,498 % per maturity term 0.7 0.8 1.5 2.0 3.0 92.0 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 74

f) Derivative financial instruments ITAÚ UNIBANCO HOLDING CONSOLIDATED enters into derivative financial instruments with various counterparties to manage its overall exposures and to assist its customers in managing their own exposures. Futures – Interest rate and foreign currency futures contracts are commitments to buy or sell a financial instrument at a future date, at a contracted price or yield and may be settled in cash or through delivery. The notional amount represents the face value of the underlying instrument. Commodity futures contracts or financial instruments are commitments to buy or sell commodities (mainly gold, coffee and orange juice), at a future date, at a contracted price, which are settled in cash. The notional amount represents the quantity of such commodities multiplied by the future price at the contract date. Daily cash settlements of price movements are made for all instruments. Forwards – Interest forward contracts are agreements to exchange payments on a specified future date, based on a market change in interest rates from trade date to contract settlement date. Foreign exchange forward contracts represent agreements to exchange the currency of one country for the currency of another country at an agreed price, at an agreed settlement date. Financial instrument forward contracts are commitments to buy or sell a financial instrument on a future date at a contracted price and are settled in cash. Swaps – Interest rate and foreign exchange swap contracts are commitments to settle in cash at a future date or dates, based on differentials between specified financial indices (either two different interest rates in a single currency or two different rates each in a different currency), as applied to a notional principal amount. Swap contracts presented in Other in the table below correspond substantially to inflation rate swap contracts. Options – Option contracts give the purchaser, for a fee, the right, but not the obligation, to buy or sell within a limited time a financial instrument including a flow of interest, foreign currencies, commodities, or financial instruments at a contracted price that may also be settled in cash, based on differentials between specific indices. Credit Derivatives – Credit derivatives are financial instruments with value relating to the credit risk associated to the debt issued by a third party (the reference entity), which permits that one party (the purchaser of the hedge) transfers the risk to the counterparty (the seller of the hedge). The seller of the hedge should make payments as set forth in the contract when the reference entity undergoes a credit event, such as bankruptcy, default or debt restructuring. The seller of the hedge receives a premium for the hedge, but, on the other hand, assumes the risk that the underlying asset referenced in the contract undergoes a credit event, and the seller would have to make the payment to the purchaser of the hedge, which could be the notional amount of the credit derivative. ITAÚ UNIBANCO HOLDING CONSOLIDATED buys and sells credit protection in order to meet the needs of its customers, management and mitigation of its portfolios' risk. CDS (Credit Default Swap) is credit derivative in which, upon a default related to the reference entity, the protection buyer is entitled to receive, from the protection seller, the amount equivalent to the difference between the face value of the CDS contract and the fair value of the liability on the date the contract was settled, also known as the recovered amount. The protection buyer does not need to hold the debt instrument of the reference entity for it to receive the amounts due pursuant to the CDS contract terms when a credit event occurs. TRS (Total Return Swap) is a transaction in which a party swaps the total return of an asset or of a basket of assets for regular cash flows, usually interest and a guarantee against capital loss. In a TRS contract, the parties do not transfer the ownership of the assets. The total value of margins pledged in guarantee by ITAÚ UNIBANCO HOLDING CONSOLIDATED was R$ 10,469,218 (R$12,556,112 at 06/30/2018) and was basically comprised of government securities. Further information on internal controls and parameters used to management risks, may be accessed in Note 18 - Risk, Capital Management and Fixed Assets Limits. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 75 f) Derivative financial instruments ITAÚ UNIBANCO HOLDING CONSOLIDATED enters into derivative financial instruments with various counterparties to manage its overall exposures and to assist its customers in managing their own exposures. Futures – Interest rate and foreign currency futures contracts are commitments to buy or sell a financial instrument at a future date, at a contracted price or yield and may be settled in cash or through delivery. The notional amount represents the face value of the underlying instrument. Commodity futures contracts or financial instruments are commitments to buy or sell commodities (mainly gold, coffee and orange juice), at a future date, at a contracted price, which are settled in cash. The notional amount represents the quantity of such commodities multiplied by the future price at the contract date. Daily cash settlements of price movements are made for all instruments. Forwards – Interest forward contracts are agreements to exchange payments on a specified future date, based on a market change in interest rates from trade date to contract settlement date. Foreign exchange forward contracts represent agreements to exchange the currency of one country for the currency of another country at an agreed price, at an agreed settlement date. Financial instrument forward contracts are commitments to buy or sell a financial instrument on a future date at a contracted price and are settled in cash. Swaps – Interest rate and foreign exchange swap contracts are commitments to settle in cash at a future date or dates, based on differentials between specified financial indices (either two different interest rates in a single currency or two different rates each in a different currency), as applied to a notional principal amount. Swap contracts presented in Other in the table below correspond substantially to inflation rate swap contracts. Options – Option contracts give the purchaser, for a fee, the right, but not the obligation, to buy or sell within a limited time a financial instrument including a flow of interest, foreign currencies, commodities, or financial instruments at a contracted price that may also be settled in cash, based on differentials between specific indices. Credit Derivatives – Credit derivatives are financial instruments with value relating to the credit risk associated to the debt issued by a third party (the reference entity), which permits that one party (the purchaser of the hedge) transfers the risk to the counterparty (the seller of the hedge). The seller of the hedge should make payments as set forth in the contract when the reference entity undergoes a credit event, such as bankruptcy, default or debt restructuring. The seller of the hedge receives a premium for the hedge, but, on the other hand, assumes the risk that the underlying asset referenced in the contract undergoes a credit event, and the seller would have to make the payment to the purchaser of the hedge, which could be the notional amount of the credit derivative. ITAÚ UNIBANCO HOLDING CONSOLIDATED buys and sells credit protection in order to meet the needs of its customers, management and mitigation of its portfolios' risk. CDS (Credit Default Swap) is credit derivative in which, upon a default related to the reference entity, the protection buyer is entitled to receive, from the protection seller, the amount equivalent to the difference between the face value of the CDS contract and the fair value of the liability on the date the contract was settled, also known as the recovered amount. The protection buyer does not need to hold the debt instrument of the reference entity for it to receive the amounts due pursuant to the CDS contract terms when a credit event occurs. TRS (Total Return Swap) is a transaction in which a party swaps the total return of an asset or of a basket of assets for regular cash flows, usually interest and a guarantee against capital loss. In a TRS contract, the parties do not transfer the ownership of the assets. The total value of margins pledged in guarantee by ITAÚ UNIBANCO HOLDING CONSOLIDATED was R$ 10,469,218 (R$12,556,112 at 06/30/2018) and was basically comprised of government securities. Further information on internal controls and parameters used to management risks, may be accessed in Note 18 - Risk, Capital Management and Fixed Assets Limits. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 75

I - Derivatives Summary See below the composition of the Derivative Financial Instruments portfolio (assets and liabilities) by type of instrument, stated at cost, market value, and maturity term. 06/30/2019 06/30/2018 Adjustments to market value (in Cost Market value % 0 - 30 31 - 90 91 - 180 181 - 365 366 - 720 Over 720 days Market value results / stockholders' equity) Asset Swaps - adjustment receivable 3,983,614 16,269,085 20,252,699 65.2 54,055 349,614 294,403 2,055,946 4,018,495 13,480,186 10,765,525 Option premiums 3,650,345 (24,418) 3,625,927 11.7 510,273 526,977 431,302 1,310,690 544,217 302,468 5,502,615 Forwards (onshore) 3,655,086 (3,982) 3,651,104 11.8 2,822,131 526,796 81,064 216,384 4,729 - 5,873,759 Credit derivatives 63,434 101,077 164,511 0.5 - 565 3,791 5,293 3,535 151,327 145,703 NDF - Non Deliverable Forward 2,614,298 164,621 2,778,919 8.9 921,607 566,334 459,397 567,079 160,300 104,202 4,681,818 Target flow of swap 5,346 5,673 11,019 0.0 257 165 - - 10,597 - 68,172 Other derivative financial instruments 246,704 337,570 584,274 1.9 345,795 3,016 525 3,846 10,976 220,116 694,645 14,218,827 16,849,626 31,068,453 100.0 4,654,118 1,973,467 1,270,482 4,159,238 4,752,849 14,258,299 27,732,237 Total % per maturity term 15.0 6.4 4.1 13.4 15.3 45.8 Total - 06/30/2018 18,299,714 9,432,523 27,732,237 100.0 7,762,577 2,603,134 1,834,277 4,208,922 2,984,993 8,338,334 % per maturity term 28.0 9.4 6.6 15.2 10.8 30.0 06/30/2019 06/30/2018 Adjustments to market value (in Cost Market value % 0 - 30 31 - 90 91 - 180 181 - 365 366 - 720 Over 720 days Market value results / stockholders' equity) Liabilities Swaps - difference payable (7,314,684) (19,082,976) ( 26,397,660) 74.0 (33,293) (464,294) (880,733) (3,458,907) (7,414,372) (14,146,061) (16,492,967) Option premiums (3,412,032) 34,346 (3,377,686) 9.5 (263,149) (453,497) (477,013) ( 1,462,506) (457,193) ( 264,328) (4,948,601) Forwards (onshore) (2,368,938) (4,403) ( 2,373,341) 6.7 (2,373,341) - - - - - (4,855,270) Credit derivatives (92,383) 14,139 (78,244) 0.2 - (162) ( 706) (800) (1,100) ( 75,476) (139,177) NDF - Non Deliverable Forward (3,130,263) 10,443 (3,119,820) 8.7 (1,063,887) (604,485) ( 388,678) (416,929) (494,699) (151,142) (5,043,243) Target flow of swap (53,936) (180,156) (234,092) 0.7 (324) (173) - - (7,055) (226,540) (75,675) Other derivative financial instruments (20,547) (53,806) (74,353) 0.2 (17) (3,936) ( 3,480) (4,265) (7,306) ( 55,349) (99,686) (16,392,783) (19,262,413) (35,655,196) 100 (3,734,011) (1,526,547) (1,750,610) (5,343,407) (8,381,725) ( 14,918,896) (31,654,619) Total % per maturity term 10.5 4.3 4.9 15.0 23.5 41.8 Total - 06/30/2018 (24,082,950) (7,571,669) (31,654,619) 100.0 (6,982,091) (2,556,351) (2,720,870) (5,689,096) (5,244,925) ( 8,461,286) % per maturity term 22.1 8.1 8.5 18.0 16.6 26.7 The result of derivative financial instruments in the period totals R$ (250,040) (R$ (1,861,146) at 06/30/2018). In ITAÚ UNIBANCO HOLDING, market values related to Swap contract positions, involving Interest, totaled R$ (50,700) (R$ (2,009,481) at 06/30/2018), in liability position distributed, R$ (50,700) (R$ (2,008,975) at 06/30/2018) from 31 to 180 days, with no amount as of that date (R$ (506) at 06/30/2018) over 365 days, involving Foreign Currency, totaled R$ 543,399 (R$ 1,993,510 at 06/30/2018), in asset position distributed, R$ 48,969 from 31 to 180 days and R$ 494,430 (R$ 1,993,510 at 06/30/2018) over 365 days. The market values related to the Derivative contract positions, involving Shares, totaled R$ 25,548 (R$ 78,582 at 06/30/2018), in the asset position distributed over 365 days. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 76 I - Derivatives Summary See below the composition of the Derivative Financial Instruments portfolio (assets and liabilities) by type of instrument, stated at cost, market value, and maturity term. 06/30/2019 06/30/2018 Adjustments to market value (in Cost Market value % 0 - 30 31 - 90 91 - 180 181 - 365 366 - 720 Over 720 days Market value results / stockholders' equity) Asset Swaps - adjustment receivable 3,983,614 16,269,085 20,252,699 65.2 54,055 349,614 294,403 2,055,946 4,018,495 13,480,186 10,765,525 Option premiums 3,650,345 (24,418) 3,625,927 11.7 510,273 526,977 431,302 1,310,690 544,217 302,468 5,502,615 Forwards (onshore) 3,655,086 (3,982) 3,651,104 11.8 2,822,131 526,796 81,064 216,384 4,729 - 5,873,759 Credit derivatives 63,434 101,077 164,511 0.5 - 565 3,791 5,293 3,535 151,327 145,703 NDF - Non Deliverable Forward 2,614,298 164,621 2,778,919 8.9 921,607 566,334 459,397 567,079 160,300 104,202 4,681,818 Target flow of swap 5,346 5,673 11,019 0.0 257 165 - - 10,597 - 68,172 Other derivative financial instruments 246,704 337,570 584,274 1.9 345,795 3,016 525 3,846 10,976 220,116 694,645 14,218,827 16,849,626 31,068,453 100.0 4,654,118 1,973,467 1,270,482 4,159,238 4,752,849 14,258,299 27,732,237 Total % per maturity term 15.0 6.4 4.1 13.4 15.3 45.8 Total - 06/30/2018 18,299,714 9,432,523 27,732,237 100.0 7,762,577 2,603,134 1,834,277 4,208,922 2,984,993 8,338,334 % per maturity term 28.0 9.4 6.6 15.2 10.8 30.0 06/30/2019 06/30/2018 Adjustments to market value (in Cost Market value % 0 - 30 31 - 90 91 - 180 181 - 365 366 - 720 Over 720 days Market value results / stockholders' equity) Liabilities Swaps - difference payable (7,314,684) (19,082,976) ( 26,397,660) 74.0 (33,293) (464,294) (880,733) (3,458,907) (7,414,372) (14,146,061) (16,492,967) Option premiums (3,412,032) 34,346 (3,377,686) 9.5 (263,149) (453,497) (477,013) ( 1,462,506) (457,193) ( 264,328) (4,948,601) Forwards (onshore) (2,368,938) (4,403) ( 2,373,341) 6.7 (2,373,341) - - - - - (4,855,270) Credit derivatives (92,383) 14,139 (78,244) 0.2 - (162) ( 706) (800) (1,100) ( 75,476) (139,177) NDF - Non Deliverable Forward (3,130,263) 10,443 (3,119,820) 8.7 (1,063,887) (604,485) ( 388,678) (416,929) (494,699) (151,142) (5,043,243) Target flow of swap (53,936) (180,156) (234,092) 0.7 (324) (173) - - (7,055) (226,540) (75,675) Other derivative financial instruments (20,547) (53,806) (74,353) 0.2 (17) (3,936) ( 3,480) (4,265) (7,306) ( 55,349) (99,686) (16,392,783) (19,262,413) (35,655,196) 100 (3,734,011) (1,526,547) (1,750,610) (5,343,407) (8,381,725) ( 14,918,896) (31,654,619) Total % per maturity term 10.5 4.3 4.9 15.0 23.5 41.8 Total - 06/30/2018 (24,082,950) (7,571,669) (31,654,619) 100.0 (6,982,091) (2,556,351) (2,720,870) (5,689,096) (5,244,925) ( 8,461,286) % per maturity term 22.1 8.1 8.5 18.0 16.6 26.7 The result of derivative financial instruments in the period totals R$ (250,040) (R$ (1,861,146) at 06/30/2018). In ITAÚ UNIBANCO HOLDING, market values related to Swap contract positions, involving Interest, totaled R$ (50,700) (R$ (2,009,481) at 06/30/2018), in liability position distributed, R$ (50,700) (R$ (2,008,975) at 06/30/2018) from 31 to 180 days, with no amount as of that date (R$ (506) at 06/30/2018) over 365 days, involving Foreign Currency, totaled R$ 543,399 (R$ 1,993,510 at 06/30/2018), in asset position distributed, R$ 48,969 from 31 to 180 days and R$ 494,430 (R$ 1,993,510 at 06/30/2018) over 365 days. The market values related to the Derivative contract positions, involving Shares, totaled R$ 25,548 (R$ 78,582 at 06/30/2018), in the asset position distributed over 365 days. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 76

II - Derivatives by index and Risk Fator Balance sheet Adjustment to Memorandum account / account receivable / market value (in Market value Notional amount results / (received) (payable) / paid stockholders' 06/30/2019 06/30/2018 06/30/2019 06/30/2019 equity) 06/30/2019 06/30/2018 Futures contracts 416,529,175 671,074,317 - - - - Purchase commitments 180,875,962 344,816,584 - - - - Shares 952,412 148,224 - - - - Commodities 293,625 64,788 - - - - Interest 161,104,310 326,937,931 - - - - Foreign currency 18,525,615 17,665,641 - - - - Commitments to sell 235,653,213 326,257,733 - - - - Shares 215,358 29,764,663 - - - - Commodities 471,132 437,803 - - - - Interest 213,281,715 237,737,733 - - - - Foreign currency 21,685,008 58,317,534 - - - - Swap contracts (3,331,070) (2,813,891) (6,144,961) (5,727,442) Asset position 967,929,652 970,903,815 3,983,614 16,269,085 20,252,699 10,765,525 Shares - 403,887 - - - - Commodities 35,354 12,168 1,379 232 1,611 202 Interest 950,848,956 960,541,727 3,094,605 15,190,538 18,285,143 9,418,988 Foreign currency 17,045,342 9,946,033 887,630 1,078,315 1,965,945 1,346,335 Liability position 967,929,652 970,903,815 ( 7,314,684) (19,082,976) (26,397,660) (16,492,967) Shares 76,156 475,503 (9,869) 1,505 (8,364) (6,225) Interest 941,686,211 944,262,101 (6,222,044) (18,911,801) (25,133,845) (13,716,032) Foreign currency 26,167,285 26,166,211 ( 1,082,771) (172,680) (1,255,451) (2,770,710) Option contracts 1,333,660,333 2,221,819,217 238,313 9,928 248,241 554,014 Purchase commitments - long position 136,161,309 362,985,533 1,957,087 (326,387) 1,630,700 3,977,518 Shares 10,542,803 9,683,327 265,553 267,480 533,033 868,089 Commodities 483,274 867,016 12,967 4,481 17,448 20,564 Interest 82,148,974 297,081,954 342,677 (200,281) 142,396 311,647 Foreign currency 42,986,258 55,353,236 1,335,890 (398,067) 937,823 2,777,218 Commitments to sell - long position 545,445,841 777,115,628 1,693,258 301,969 1,995,227 1,525,097 Shares 12,983,396 11,741,534 370,542 121,550 492,092 610,478 Commodities 189,304 914,246 4,880 (2,304) 2,576 18,931 Interest 481,391,859 728,821,739 419,353 408,261 827,614 622,105 Foreign currency 50,881,282 35,638,109 898,483 (225,538) 672,945 273,583 Purchase commitments - short position 116,268,997 219,044,960 (1,738,593) 557,967 (1,180,626) (3,378,963) Shares 10,188,356 9,048,340 ( 177,415) (296,390) (473,805) (642,944) Commodities 1,054,994 1,124,701 (15,236) 534 (14,702) (32,485) Interest 67,095,532 157,778,141 ( 327,483) 269,609 (57,874) (192,239) Foreign currency 37,930,115 51,093,778 (1,218,459) 584,214 (634,245) (2,511,295) Commitments to sell - short position 535,784,186 862,673,096 (1,673,439) (523,621) (2,197,060) (1,569,638) Shares 10,257,137 10,621,948 ( 231,792) (176,507) (408,299) (487,168) Commodities 181,590 516,606 ( 5,284) 2,131 (3,153) (9,870) Interest 476,040,529 817,429,970 (430,182) (432,163) (862,345) (773,566) Foreign currency 49,304,930 34,104,572 (1,006,181) 82,918 (923,263) (299,034) Forward contracts 3,659,716 29,554,774 1,286,148 (8,385) 1,277,763 1,018,489 Purchases receivable 838,482 1,342,046 838,910 (6,115) 832,795 1,354,196 Shares 184,820 26,485 184,820 (6,604) 178,216 25,951 Interest 653,662 1,315,561 654,090 489 654,579 1,328,245 Purchases payable - - ( 654,159) 1 ( 654,158) (1,327,290) Shares - - ( 69) - (69) (2) Interest - - (654,090) 1 ( 654,089) (1,327,288) Sales receivable 1,119,039 8,040,730 2,816,176 2,133 2,818,309 4,519,563 Shares 1,118,627 8,040,730 1,101,227 2,134 1,103,361 1,008,043 Interest 412 - 1,714,949 (1) 1,714,948 3,511,520 Sales deliverable 1,702,195 20,171,998 (1,714,779) (4,404) (1,719,183) (3,527,980) Shares 237 16,730,361 ( 237) - (237) (11,822) Interest 1,701,958 3,441,637 ( 1,714,542) (4,404) (1,718,946) (3,516,158) Credit derivatives 9,474,915 8,251,235 ( 28,949) 115,216 86,267 6,526 Asset position 6,013,672 4,363,192 63,434 101,077 164,511 145,703 Shares 1,734,044 1,834,019 53,578 67,014 120,592 100,403 Commodities 29,700 - 509 1,254 1,763 - Interest 4,249,928 2,317,104 9,347 32,809 42,156 36,908 Foreign currency - 212,069 - - - 8,392 Liability position 3,461,243 3,888,043 ( 92,383) 14,139 ( 78,244) (139,177) Shares 1,289,382 1,206,680 (53,326) 11,622 (41,704) (70,374) Commodities 1,916 - ( 151) 20 (131) - Interest 2,169,945 2,469,294 ( 38,906) 2,497 (36,409) (60,355) Foreign currency - 212,069 - - - (8,448) NDF - Non Deliverable Forward 257,471,869 239,273,806 ( 515,965) 175,064 ( 340,901) (361,425) Asset position 128,864,802 117,353,667 2,614,298 164,621 2,778,919 4,681,818 Commodities 149,514 196,804 11,963 649 12,612 16,288 Foreign currency 128,715,288 117,156,863 2,602,335 163,972 2,766,307 4,665,530 Liability position 128,607,067 121,920,139 ( 3,130,263) 10,443 ( 3,119,820) (5,043,243) Commodities 259,333 124,914 ( 16,992) 5,356 (11,636) (10,409) Foreign currency 128,347,734 121,795,225 (3,113,271) 5,087 (3,108,184) (5,032,834) Target flow of swap 1,231,291 954,484 ( 48,590) ( 174,483) ( 223,073) (7,503) Asset position 110,000 126,904 5,346 5,673 11,019 68,172 Interest - - - - - 56,253 Foreign currency 110,000 126,904 5,346 5,673 11,019 11,919 Liability position 1,121,291 827,580 ( 53,936) ( 180,156) ( 234,092) (75,675) Interest - 442,000 - - - (18,453) Foreign currency 1,121,291 385,580 ( 53,936) (180,156) (234,092) (57,222) Other derivative financial instruments 6,618,747 5,051,444 226,157 283,764 509,921 594,959 Asset position 5,467,474 3,555,013 246,704 337,570 584,274 694,645 Shares 218,263 443,905 1,247 5,002 6,249 33,406 Interest 5,239,247 3,078,014 245,765 (13,908) 231,857 226,194 Foreign currency 9,964 33,094 ( 308) 346,476 346,168 435,045 Liability position 1,151,273 1,496,431 ( 20,547) ( 53,806) ( 74,353) (99,686) Shares 851,705 1,311,168 ( 11,456) (44,617) (56,073) (67,362) Commodities 3,871 - (3) (23) (26) - Interest 294,793 85,681 ( 8,984) (6,361) (15,345) (9,229) Foreign currency 904 99,582 (104) (2,805) (2,909) (23,095) ASSET 14,218,827 16,849,626 31,068,453 27,732,237 LIABILITY ( 16,392,783) (19,262,413) (35,655,196) (31,654,619) TOTAL (2,173,956) (2,412,787) (4,586,743) (3,922,382) Derivatives contracts mature as follows (in days) Memorandum account / notional amount 0 - 30 31 - 180 181 - 365 Over 365 06/30/2019 06/30/2018 Futures 115,343,006 109,083,827 102,608,806 89,493,536 416,529,175 671,074,317 Swaps 12,574,199 87,200,251 182,128,777 686,026,425 967,929,652 970,903,815 Options 320,070,183 282,136,719 622,979,663 108,473,768 1,333,660,333 2,221,819,217 Forwards (onshore) 2,810,520 616,339 227,595 5,262 3,659,716 29,554,774 Credit derivatives - 1,236,738 572,447 7,665,730 9,474,915 8,251,235 NDF - Non Deliverable Forward 92,367,213 96,532,370 46,860,909 21,711,377 257,471,869 239,273,806 Target flow of swap 9,091 11,200 - 1,211,000 1,231,291 954,484 Other derivative financial instruments 11,941 353,834 798,809 5,454,163 6,618,747 5,051,444 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 77 II - Derivatives by index and Risk Fator Balance sheet Adjustment to Memorandum account / account receivable / market value (in Market value Notional amount results / (received) (payable) / paid stockholders' 06/30/2019 06/30/2018 06/30/2019 06/30/2019 equity) 06/30/2019 06/30/2018 Futures contracts 416,529,175 671,074,317 - - - - Purchase commitments 180,875,962 344,816,584 - - - - Shares 952,412 148,224 - - - - Commodities 293,625 64,788 - - - - Interest 161,104,310 326,937,931 - - - - Foreign currency 18,525,615 17,665,641 - - - - Commitments to sell 235,653,213 326,257,733 - - - - Shares 215,358 29,764,663 - - - - Commodities 471,132 437,803 - - - - Interest 213,281,715 237,737,733 - - - - Foreign currency 21,685,008 58,317,534 - - - - Swap contracts (3,331,070) (2,813,891) (6,144,961) (5,727,442) Asset position 967,929,652 970,903,815 3,983,614 16,269,085 20,252,699 10,765,525 Shares - 403,887 - - - - Commodities 35,354 12,168 1,379 232 1,611 202 Interest 950,848,956 960,541,727 3,094,605 15,190,538 18,285,143 9,418,988 Foreign currency 17,045,342 9,946,033 887,630 1,078,315 1,965,945 1,346,335 Liability position 967,929,652 970,903,815 ( 7,314,684) (19,082,976) (26,397,660) (16,492,967) Shares 76,156 475,503 (9,869) 1,505 (8,364) (6,225) Interest 941,686,211 944,262,101 (6,222,044) (18,911,801) (25,133,845) (13,716,032) Foreign currency 26,167,285 26,166,211 ( 1,082,771) (172,680) (1,255,451) (2,770,710) Option contracts 1,333,660,333 2,221,819,217 238,313 9,928 248,241 554,014 Purchase commitments - long position 136,161,309 362,985,533 1,957,087 (326,387) 1,630,700 3,977,518 Shares 10,542,803 9,683,327 265,553 267,480 533,033 868,089 Commodities 483,274 867,016 12,967 4,481 17,448 20,564 Interest 82,148,974 297,081,954 342,677 (200,281) 142,396 311,647 Foreign currency 42,986,258 55,353,236 1,335,890 (398,067) 937,823 2,777,218 Commitments to sell - long position 545,445,841 777,115,628 1,693,258 301,969 1,995,227 1,525,097 Shares 12,983,396 11,741,534 370,542 121,550 492,092 610,478 Commodities 189,304 914,246 4,880 (2,304) 2,576 18,931 Interest 481,391,859 728,821,739 419,353 408,261 827,614 622,105 Foreign currency 50,881,282 35,638,109 898,483 (225,538) 672,945 273,583 Purchase commitments - short position 116,268,997 219,044,960 (1,738,593) 557,967 (1,180,626) (3,378,963) Shares 10,188,356 9,048,340 ( 177,415) (296,390) (473,805) (642,944) Commodities 1,054,994 1,124,701 (15,236) 534 (14,702) (32,485) Interest 67,095,532 157,778,141 ( 327,483) 269,609 (57,874) (192,239) Foreign currency 37,930,115 51,093,778 (1,218,459) 584,214 (634,245) (2,511,295) Commitments to sell - short position 535,784,186 862,673,096 (1,673,439) (523,621) (2,197,060) (1,569,638) Shares 10,257,137 10,621,948 ( 231,792) (176,507) (408,299) (487,168) Commodities 181,590 516,606 ( 5,284) 2,131 (3,153) (9,870) Interest 476,040,529 817,429,970 (430,182) (432,163) (862,345) (773,566) Foreign currency 49,304,930 34,104,572 (1,006,181) 82,918 (923,263) (299,034) Forward contracts 3,659,716 29,554,774 1,286,148 (8,385) 1,277,763 1,018,489 Purchases receivable 838,482 1,342,046 838,910 (6,115) 832,795 1,354,196 Shares 184,820 26,485 184,820 (6,604) 178,216 25,951 Interest 653,662 1,315,561 654,090 489 654,579 1,328,245 Purchases payable - - ( 654,159) 1 ( 654,158) (1,327,290) Shares - - ( 69) - (69) (2) Interest - - (654,090) 1 ( 654,089) (1,327,288) Sales receivable 1,119,039 8,040,730 2,816,176 2,133 2,818,309 4,519,563 Shares 1,118,627 8,040,730 1,101,227 2,134 1,103,361 1,008,043 Interest 412 - 1,714,949 (1) 1,714,948 3,511,520 Sales deliverable 1,702,195 20,171,998 (1,714,779) (4,404) (1,719,183) (3,527,980) Shares 237 16,730,361 ( 237) - (237) (11,822) Interest 1,701,958 3,441,637 ( 1,714,542) (4,404) (1,718,946) (3,516,158) Credit derivatives 9,474,915 8,251,235 ( 28,949) 115,216 86,267 6,526 Asset position 6,013,672 4,363,192 63,434 101,077 164,511 145,703 Shares 1,734,044 1,834,019 53,578 67,014 120,592 100,403 Commodities 29,700 - 509 1,254 1,763 - Interest 4,249,928 2,317,104 9,347 32,809 42,156 36,908 Foreign currency - 212,069 - - - 8,392 Liability position 3,461,243 3,888,043 ( 92,383) 14,139 ( 78,244) (139,177) Shares 1,289,382 1,206,680 (53,326) 11,622 (41,704) (70,374) Commodities 1,916 - ( 151) 20 (131) - Interest 2,169,945 2,469,294 ( 38,906) 2,497 (36,409) (60,355) Foreign currency - 212,069 - - - (8,448) NDF - Non Deliverable Forward 257,471,869 239,273,806 ( 515,965) 175,064 ( 340,901) (361,425) Asset position 128,864,802 117,353,667 2,614,298 164,621 2,778,919 4,681,818 Commodities 149,514 196,804 11,963 649 12,612 16,288 Foreign currency 128,715,288 117,156,863 2,602,335 163,972 2,766,307 4,665,530 Liability position 128,607,067 121,920,139 ( 3,130,263) 10,443 ( 3,119,820) (5,043,243) Commodities 259,333 124,914 ( 16,992) 5,356 (11,636) (10,409) Foreign currency 128,347,734 121,795,225 (3,113,271) 5,087 (3,108,184) (5,032,834) Target flow of swap 1,231,291 954,484 ( 48,590) ( 174,483) ( 223,073) (7,503) Asset position 110,000 126,904 5,346 5,673 11,019 68,172 Interest - - - - - 56,253 Foreign currency 110,000 126,904 5,346 5,673 11,019 11,919 Liability position 1,121,291 827,580 ( 53,936) ( 180,156) ( 234,092) (75,675) Interest - 442,000 - - - (18,453) Foreign currency 1,121,291 385,580 ( 53,936) (180,156) (234,092) (57,222) Other derivative financial instruments 6,618,747 5,051,444 226,157 283,764 509,921 594,959 Asset position 5,467,474 3,555,013 246,704 337,570 584,274 694,645 Shares 218,263 443,905 1,247 5,002 6,249 33,406 Interest 5,239,247 3,078,014 245,765 (13,908) 231,857 226,194 Foreign currency 9,964 33,094 ( 308) 346,476 346,168 435,045 Liability position 1,151,273 1,496,431 ( 20,547) ( 53,806) ( 74,353) (99,686) Shares 851,705 1,311,168 ( 11,456) (44,617) (56,073) (67,362) Commodities 3,871 - (3) (23) (26) - Interest 294,793 85,681 ( 8,984) (6,361) (15,345) (9,229) Foreign currency 904 99,582 (104) (2,805) (2,909) (23,095) ASSET 14,218,827 16,849,626 31,068,453 27,732,237 LIABILITY ( 16,392,783) (19,262,413) (35,655,196) (31,654,619) TOTAL (2,173,956) (2,412,787) (4,586,743) (3,922,382) Derivatives contracts mature as follows (in days) Memorandum account / notional amount 0 - 30 31 - 180 181 - 365 Over 365 06/30/2019 06/30/2018 Futures 115,343,006 109,083,827 102,608,806 89,493,536 416,529,175 671,074,317 Swaps 12,574,199 87,200,251 182,128,777 686,026,425 967,929,652 970,903,815 Options 320,070,183 282,136,719 622,979,663 108,473,768 1,333,660,333 2,221,819,217 Forwards (onshore) 2,810,520 616,339 227,595 5,262 3,659,716 29,554,774 Credit derivatives - 1,236,738 572,447 7,665,730 9,474,915 8,251,235 NDF - Non Deliverable Forward 92,367,213 96,532,370 46,860,909 21,711,377 257,471,869 239,273,806 Target flow of swap 9,091 11,200 - 1,211,000 1,231,291 954,484 Other derivative financial instruments 11,941 353,834 798,809 5,454,163 6,618,747 5,051,444 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 77

III - Derivatives by notional amount See below the composition of the Derivative Financial Instruments portfolio by type of instrument, stated at their notional amounts, per trading location (organized or over-the-counter market) and counterparties. 06/30/2019 Other NDF - Non Forwards Credit Target flow of derivative Futures Swaps Options Deliverable (onshore) derivatives swap financial Forward instruments B3 323,248,237 18,257,405 1,149,206,060 1,303,790 134,127 58,350,828 - - Over-the-counter market 93,280,938 949,672,247 184,454,273 2,355,926 9,340,788 199,121,041 1,231,291 6,618,747 Financial institutions 92,937,603 670,701,719 138,246,586 1,150,460 9,340,022 114,443,504 - 4,974,296 Companies 343,335 230,679,841 45,876,013 1,205,466 766 83,610,383 1,231,291 1,644,451 Individuals - 48,290,687 331,674 - - 1,067,154 - - Total 416,529,175 967,929,652 1,333,660,333 3,659,716 9,474,915 257,471,869 1,231,291 6,618,747 Total – 06/30/2018 671,074,317 970,903,815 2,221,819,217 29,554,774 8,251,235 239,273,806 954,484 5,051,444 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 78 III - Derivatives by notional amount See below the composition of the Derivative Financial Instruments portfolio by type of instrument, stated at their notional amounts, per trading location (organized or over-the-counter market) and counterparties. 06/30/2019 Other NDF - Non Forwards Credit Target flow of derivative Futures Swaps Options Deliverable (onshore) derivatives swap financial Forward instruments B3 323,248,237 18,257,405 1,149,206,060 1,303,790 134,127 58,350,828 - - Over-the-counter market 93,280,938 949,672,247 184,454,273 2,355,926 9,340,788 199,121,041 1,231,291 6,618,747 Financial institutions 92,937,603 670,701,719 138,246,586 1,150,460 9,340,022 114,443,504 - 4,974,296 Companies 343,335 230,679,841 45,876,013 1,205,466 766 83,610,383 1,231,291 1,644,451 Individuals - 48,290,687 331,674 - - 1,067,154 - - Total 416,529,175 967,929,652 1,333,660,333 3,659,716 9,474,915 257,471,869 1,231,291 6,618,747 Total – 06/30/2018 671,074,317 970,903,815 2,221,819,217 29,554,774 8,251,235 239,273,806 954,484 5,051,444 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 78

IV - Credit derivatives See below the composition of the Credit Derivatives (assets and liabilities) portfolio stated at their notional amounts, and their effect on the calculation of Required Reference Equity. 06/30/2019 06/30/2018 Notional amount Notional amount of credit Notional amount of Notional amount of credit of credit protection purchased with Net position credit protection protection purchased with Net position protection sold identical underlying amount sold identical underlying amount CDS (6,982,069) 2,492,846 (4,489,223) (6,941,034) 1,310,201 (5,630,833) Total (6,982,069) 2,492,846 (4,489,223) (6,941,034) 1,310,201 (5,630,833) The effect on the reference equity (Note 18c) was R$ 75,137 (R$ 107,845 at 06/30/2018). During the period, there was no occurrence of a credit event as defined in the agreements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 79 IV - Credit derivatives See below the composition of the Credit Derivatives (assets and liabilities) portfolio stated at their notional amounts, and their effect on the calculation of Required Reference Equity. 06/30/2019 06/30/2018 Notional amount Notional amount of credit Notional amount of Notional amount of credit of credit protection purchased with Net position credit protection protection purchased with Net position protection sold identical underlying amount sold identical underlying amount CDS (6,982,069) 2,492,846 (4,489,223) (6,941,034) 1,310,201 (5,630,833) Total (6,982,069) 2,492,846 (4,489,223) (6,941,034) 1,310,201 (5,630,833) The effect on the reference equity (Note 18c) was R$ 75,137 (R$ 107,845 at 06/30/2018). During the period, there was no occurrence of a credit event as defined in the agreements. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 79

V - Hedge accounting I) Cash flow - the purpose of this hedge of ITAÚ UNIBANCO HOLDING CONSOLIDATED is to hedge cash flows of interest receipt and payment (CDB / Syndicated Loans / Assets Transactions / Funding and agreements to resell) and exposures to future exchange rate (anticipated transactions and unrecognized firm commitments) related to its variable interest rate risk (CDI / LIBOR/UF*/TPM*/Selic), and foreign exchange rate risk, making the cash flow constant (fixed rate) and regardless of the variations of DI CETIP Over, LIBOR/ UF*/ TPM* / Selic and foreign exchange rate. *UF (Chilean Unit of Account) / TPM (Monetary Policy Rate). 06/30/2019 Hedge Item Hedge Instruments Variation in the Book value Strategies Variation in the amounts amounts Cash flow hedge recognized in Nominal Value used to calculate reserve Stockholders’ Equity (*) hedge Assets Liabilities ineffectiveness Interest rate risk Hedge of deposits and securities purchased under agreements to resell - 25,301,906 (2,758,347) (3,758,656) 26,075,536 (2,763,182) Hedge of assets transactions 1,600,022 - 138,350 138,350 1,739,150 138,464 Hedge of asset-backed securities under repurchase agreements 11,882,586 - 524,947 524,947 13,013,643 524,947 Hedge of UF - denominated assets 8,229,104 - 24,688 24,688 8,204,416 24,628 Hedge of funding - 2,196,350 (19,206) (20,698) 2,170,345 (19,206) Hedge of loan operations 282,576 - 11,472 11,472 271,104 13,278 Variable costs risks Hedge of highly probable forecast transactions 19,052,515 - (138,976) (138,976) 19,052,296 (138,976) Foreign exchange risk Hedge of highly probable forecast transactions 4,990,994 - (52,383) (52,383) 4,990,994 (52,383) Total 46,037,797 27,498,256 (2,269,455) (3,271,256) 75,517,484 (2,272,430) 06/30/2018 Hedge Item Hedge Instruments Variation in the Book value Strategies Variation in the amounts amounts Cash flow hedge recognized in Nominal Value used to calculate reserve Stockholders’ Equity (*) hedge Assets Liabilities ineffectiveness Interest rate risk Hedge of deposits and securities purchased under agreements to resell - 25,756,957 (1,131,502) (2,971,700) 24,808,215 (1,131,728) Hedge of assets transactions 8,064,241 - 247,827 247,827 8,312,193 247,829 Hedge of asset-backed securities under repurchase agreements 35,779,721 - 169,587 169,588 36,454,413 169,587 Hedge of UF - denominated assets 13,274,417 - (47,851) (47,851) 13,274,417 (53,970) Hedge of funding - 3,193,658 (9,753) (9,753) 3,193,658 (9,278) Hedge of loan operations 283,872 - 5,690 5,690 283,872 5,428 Foreign exchange risk Hedge of highly probable forecast transactions 113,997 - 4,237 4,237 113,997 4,237 Total 57,516,248 28,950,615 (761,765) (2,601,962) 86,440,765 (767,895) (*) Recorded under heading Asset Valuation Adjustments. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 80 V - Hedge accounting I) Cash flow - the purpose of this hedge of ITAÚ UNIBANCO HOLDING CONSOLIDATED is to hedge cash flows of interest receipt and payment (CDB / Syndicated Loans / Assets Transactions / Funding and agreements to resell) and exposures to future exchange rate (anticipated transactions and unrecognized firm commitments) related to its variable interest rate risk (CDI / LIBOR/UF*/TPM*/Selic), and foreign exchange rate risk, making the cash flow constant (fixed rate) and regardless of the variations of DI CETIP Over, LIBOR/ UF*/ TPM* / Selic and foreign exchange rate. *UF (Chilean Unit of Account) / TPM (Monetary Policy Rate). 06/30/2019 Hedge Item Hedge Instruments Variation in the Book value Strategies Variation in the amounts amounts Cash flow hedge recognized in Nominal Value used to calculate reserve Stockholders’ Equity (*) hedge Assets Liabilities ineffectiveness Interest rate risk Hedge of deposits and securities purchased under agreements to resell - 25,301,906 (2,758,347) (3,758,656) 26,075,536 (2,763,182) Hedge of assets transactions 1,600,022 - 138,350 138,350 1,739,150 138,464 Hedge of asset-backed securities under repurchase agreements 11,882,586 - 524,947 524,947 13,013,643 524,947 Hedge of UF - denominated assets 8,229,104 - 24,688 24,688 8,204,416 24,628 Hedge of funding - 2,196,350 (19,206) (20,698) 2,170,345 (19,206) Hedge of loan operations 282,576 - 11,472 11,472 271,104 13,278 Variable costs risks Hedge of highly probable forecast transactions 19,052,515 - (138,976) (138,976) 19,052,296 (138,976) Foreign exchange risk Hedge of highly probable forecast transactions 4,990,994 - (52,383) (52,383) 4,990,994 (52,383) Total 46,037,797 27,498,256 (2,269,455) (3,271,256) 75,517,484 (2,272,430) 06/30/2018 Hedge Item Hedge Instruments Variation in the Book value Strategies Variation in the amounts amounts Cash flow hedge recognized in Nominal Value used to calculate reserve Stockholders’ Equity (*) hedge Assets Liabilities ineffectiveness Interest rate risk Hedge of deposits and securities purchased under agreements to resell - 25,756,957 (1,131,502) (2,971,700) 24,808,215 (1,131,728) Hedge of assets transactions 8,064,241 - 247,827 247,827 8,312,193 247,829 Hedge of asset-backed securities under repurchase agreements 35,779,721 - 169,587 169,588 36,454,413 169,587 Hedge of UF - denominated assets 13,274,417 - (47,851) (47,851) 13,274,417 (53,970) Hedge of funding - 3,193,658 (9,753) (9,753) 3,193,658 (9,278) Hedge of loan operations 283,872 - 5,690 5,690 283,872 5,428 Foreign exchange risk Hedge of highly probable forecast transactions 113,997 - 4,237 4,237 113,997 4,237 Total 57,516,248 28,950,615 (761,765) (2,601,962) 86,440,765 (767,895) (*) Recorded under heading Asset Valuation Adjustments. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 80

06/30/2019 Variation in the Hedge (1) Variation in value Amount reclassified Book value amounts ineffectiveness Hedge Instruments recognized in from Cash flow Nominal Value used to calculate recognized in Stockholders’ hedge reserve into hedge income (2) income Assets Liabilities Equity ineffectiveness (3) Interest rate risk Interest rate futures 40,828,329 441,250 - (2,099,771) (2,095,050) (4,721) - Interest rate Swap 10,645,865 2,189,551 8,513,426 18,700 16,954 1,746 - (4) Foreign exchange risk DDI Future 24,043,290 - 4,841,854 (191,359) (191,359) - - Total 75,517,484 2,630,801 13,355,280 (2,272,430) (2,269,455) (2,975) - 06/30/2018 Variation in the Hedge (1) Variation in value Amount reclassified Book value amounts ineffectiveness Hedge Instruments recognized in from Cash flow Nominal Value used to calculate recognized in Stockholders’ hedge reserve into hedge income (2) Assets Liabilities Equity income ineffectiveness (3) Interest rate risk Interest rate futures 69,574,821 18,743 12,484 (714,312) (714,088) (224) - Interest rate Swap 16,751,947 128,749 15,113 (57,820) (51,914) (5,906) - (4) Foreign exchange risk Option 113,997 4,237 - 4,237 4,237 - - Total 86,440,765 151,729 27,597 (767,895) (761,765) (6,130) - (1) Recorded under heading Derivative financial instruments. (2) Recorded under heading Asset Valuation Adjustments. (3) DDI Future negotiated on B3 and interest rate swap negotiated on Chicago Mercantile Exchange. (4) DDI Futures contracts and Dollar Purchase Options negotiated on B3. The gains or losses related to the accounting hedge of cash flows that ITAÚ UNIBANCO HOLDING CONSOLIDATED expect to recognize in results in the following 12 months, totaling R$ (1,446,029) (R$ (1,627,142 at 06/30/2018). In the period ended 06/30/2019 was recognized amount of R$ (427,723) in result. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 81 06/30/2019 Variation in the Hedge (1) Variation in value Amount reclassified Book value amounts ineffectiveness Hedge Instruments recognized in from Cash flow Nominal Value used to calculate recognized in Stockholders’ hedge reserve into hedge income (2) income Assets Liabilities Equity ineffectiveness (3) Interest rate risk Interest rate futures 40,828,329 441,250 - (2,099,771) (2,095,050) (4,721) - Interest rate Swap 10,645,865 2,189,551 8,513,426 18,700 16,954 1,746 - (4) Foreign exchange risk DDI Future 24,043,290 - 4,841,854 (191,359) (191,359) - - Total 75,517,484 2,630,801 13,355,280 (2,272,430) (2,269,455) (2,975) - 06/30/2018 Variation in the Hedge (1) Variation in value Amount reclassified Book value amounts ineffectiveness Hedge Instruments recognized in from Cash flow Nominal Value used to calculate recognized in Stockholders’ hedge reserve into hedge income (2) Assets Liabilities Equity income ineffectiveness (3) Interest rate risk Interest rate futures 69,574,821 18,743 12,484 (714,312) (714,088) (224) - Interest rate Swap 16,751,947 128,749 15,113 (57,820) (51,914) (5,906) - (4) Foreign exchange risk Option 113,997 4,237 - 4,237 4,237 - - Total 86,440,765 151,729 27,597 (767,895) (761,765) (6,130) - (1) Recorded under heading Derivative financial instruments. (2) Recorded under heading Asset Valuation Adjustments. (3) DDI Future negotiated on B3 and interest rate swap negotiated on Chicago Mercantile Exchange. (4) DDI Futures contracts and Dollar Purchase Options negotiated on B3. The gains or losses related to the accounting hedge of cash flows that ITAÚ UNIBANCO HOLDING CONSOLIDATED expect to recognize in results in the following 12 months, totaling R$ (1,446,029) (R$ (1,627,142 at 06/30/2018). In the period ended 06/30/2019 was recognized amount of R$ (427,723) in result. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 81

II) Market risk – The hedging strategies against market risk of ITAÚ UNIBANCO HOLDING CONSOLIDATED consist of hedge of exposure to variation in market risk, in interest receipts, which are attributable to changes in interest rates related to recognized assets and liabilities. 06/30/2019 Hedge Item Hedge Instruments Variation in the Book value Fair value adjustments Strategies Variation in value amounts recognized in used to calculate Nominal Value (*) hedge income Assets Liabilities Assets Liabilities ineffectiveness Interest rate risk Hedge of loan operations 6,595,600 - 6,808,464 - 212,864 6,595,600 (215,829) Hedge of funding - 9,049,271 - 8,561,045 (488,226) 9,049,271 487,048 Hedge of available-for-sale securities 10,186,029 - 10,941,632 - 755,603 10,783,281 (749,080) Total 16,781,629 9,049,271 17,750,096 8,561,045 480,241 26,428,152 (477,861) 06/30/2018 Hedge Item Hedge Instruments Variation in the Book value Fair value adjustments Strategies Variation in value amounts used to calculate Nominal Value recognized in (*) hedge income Assets Liabilities Assets Liabilities ineffectiveness Interest rate risk Hedge of loan operations 7,097,434 - 7,152,802 - 55,368 7,097,434 (55,950) Hedge of funding - 12,146,289 - 12,173,942 27,653 12,146,289 (30,663) Hedge of available-for-sale securities 943,800 - 978,114 - 34,314 943,800 (38,913) Total 8,041,234 12,146,289 8,130,916 12,173,942 117,335 20,187,523 (125,526) (*) Recorded under heading Results from Securities and Derivative Financial Instruments. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 82 II) Market risk – The hedging strategies against market risk of ITAÚ UNIBANCO HOLDING CONSOLIDATED consist of hedge of exposure to variation in market risk, in interest receipts, which are attributable to changes in interest rates related to recognized assets and liabilities. 06/30/2019 Hedge Item Hedge Instruments Variation in the Book value Fair value adjustments Strategies Variation in value amounts recognized in used to calculate Nominal Value (*) hedge income Assets Liabilities Assets Liabilities ineffectiveness Interest rate risk Hedge of loan operations 6,595,600 - 6,808,464 - 212,864 6,595,600 (215,829) Hedge of funding - 9,049,271 - 8,561,045 (488,226) 9,049,271 487,048 Hedge of available-for-sale securities 10,186,029 - 10,941,632 - 755,603 10,783,281 (749,080) Total 16,781,629 9,049,271 17,750,096 8,561,045 480,241 26,428,152 (477,861) 06/30/2018 Hedge Item Hedge Instruments Variation in the Book value Fair value adjustments Strategies Variation in value amounts used to calculate Nominal Value recognized in (*) hedge income Assets Liabilities Assets Liabilities ineffectiveness Interest rate risk Hedge of loan operations 7,097,434 - 7,152,802 - 55,368 7,097,434 (55,950) Hedge of funding - 12,146,289 - 12,173,942 27,653 12,146,289 (30,663) Hedge of available-for-sale securities 943,800 - 978,114 - 34,314 943,800 (38,913) Total 8,041,234 12,146,289 8,130,916 12,173,942 117,335 20,187,523 (125,526) (*) Recorded under heading Results from Securities and Derivative Financial Instruments. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 82

06/30/2019 (1) Variation in value Hedge Book value Hedge Instruments used to calculate ineffectiveness Nominal Value hedge recognized in Assets Liabilities ineffectiveness income Interest rate risk Interest rate swap 16,875,726 421,889 289,981 115,445 (6,253) Others Derivatives 9,552,426 - 9,180,285 (593,306) 8,633 (2) 26,428,152 421,889 9,470,266 (477,861) 2,380 Total 06/30/2018 (1) Variation in value Hedge Book value Hedge Instruments used to calculate ineffectiveness Nominal Value hedge recognized in Assets Liabilities ineffectiveness income Interest rate risk Interest rate swap 20,187,523 21,381 158,377 (125,526) (8,191) Total 20,187,523 21,381 158,377 (125,526) (8,191) (1) Recorded under heading Derivative financial instruments. (2) In the period, the amount of R$ 330,887 is no longer qualified as hedge, with effect on result of R$ (16,372). To protect against market risk variation upon receipt and payment of interest, ITAÚ UNIBANCO HOLDING CONSOLIDATED uses interest rate swap contracts. Hedge items refer to prefixed assets and liabilities denominated in Chilean Unit of Account – CLF, fixed rate and denominated in Euros and dollars, issued by subsidiaries in Chile, London and Colombia, respectively. Receipts (payments) of interest flows are expected to occur and will affect the statement of income in monthly periods. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 83 06/30/2019 (1) Variation in value Hedge Book value Hedge Instruments used to calculate ineffectiveness Nominal Value hedge recognized in Assets Liabilities ineffectiveness income Interest rate risk Interest rate swap 16,875,726 421,889 289,981 115,445 (6,253) Others Derivatives 9,552,426 - 9,180,285 (593,306) 8,633 (2) 26,428,152 421,889 9,470,266 (477,861) 2,380 Total 06/30/2018 (1) Variation in value Hedge Book value Hedge Instruments used to calculate ineffectiveness Nominal Value hedge recognized in Assets Liabilities ineffectiveness income Interest rate risk Interest rate swap 20,187,523 21,381 158,377 (125,526) (8,191) Total 20,187,523 21,381 158,377 (125,526) (8,191) (1) Recorded under heading Derivative financial instruments. (2) In the period, the amount of R$ 330,887 is no longer qualified as hedge, with effect on result of R$ (16,372). To protect against market risk variation upon receipt and payment of interest, ITAÚ UNIBANCO HOLDING CONSOLIDATED uses interest rate swap contracts. Hedge items refer to prefixed assets and liabilities denominated in Chilean Unit of Account – CLF, fixed rate and denominated in Euros and dollars, issued by subsidiaries in Chile, London and Colombia, respectively. Receipts (payments) of interest flows are expected to occur and will affect the statement of income in monthly periods. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 83

III) Hedge of net investment in foreign operations – ITAÚ UNIBANCO HOLDING CONSOLIDATED's strategy of net investments in foreign operations consist of a hedge of the exposure in foreign currency arising from the functional currency of foreign operations, compared to the functional currency of the head office. 06/30/2019 Hedge item Hedge Instruments Variation in the Book value Variation in value Strategies amounts recognized in Foreign currency Nominal Value used to calculate Stockholders’ convertion reserve hedge Equity (*) Assets Liabilities ineffectiveness Foreign exchange risk Hedge of net investment in foreign operations - 14,322,602 (5,143,673) (5,143,673) 12,472,102 (5,178,047) Total - 14,322,602 (5,143,673) (5,143,673) 12,472,102 (5,178,047) 06/30/2018 Hedge item Hedge Instruments Variation in the Book value Variation in value Strategies Nominal amounts recognized in Foreign currency Value used to calculate Stockholders’ convertion reserve hedge Assets Liabilities Equity (*) ineffectiveness Foreign exchange risk Hedge of net investment in foreign operations - 14,743,782 (6,242,064) (6,242,064) 12,604,398 (6,276,438) Total - 14,743,782 (6,242,064) (6,242,064) 12,604,398 (6,276,438) (*) Recorded under heading Asset Valuation Adjustments. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 84 III) Hedge of net investment in foreign operations – ITAÚ UNIBANCO HOLDING CONSOLIDATED's strategy of net investments in foreign operations consist of a hedge of the exposure in foreign currency arising from the functional currency of foreign operations, compared to the functional currency of the head office. 06/30/2019 Hedge item Hedge Instruments Variation in the Book value Variation in value Strategies amounts recognized in Foreign currency Nominal Value used to calculate Stockholders’ convertion reserve hedge Equity (*) Assets Liabilities ineffectiveness Foreign exchange risk Hedge of net investment in foreign operations - 14,322,602 (5,143,673) (5,143,673) 12,472,102 (5,178,047) Total - 14,322,602 (5,143,673) (5,143,673) 12,472,102 (5,178,047) 06/30/2018 Hedge item Hedge Instruments Variation in the Book value Variation in value Strategies Nominal amounts recognized in Foreign currency Value used to calculate Stockholders’ convertion reserve hedge Assets Liabilities Equity (*) ineffectiveness Foreign exchange risk Hedge of net investment in foreign operations - 14,743,782 (6,242,064) (6,242,064) 12,604,398 (6,276,438) Total - 14,743,782 (6,242,064) (6,242,064) 12,604,398 (6,276,438) (*) Recorded under heading Asset Valuation Adjustments. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 84

06/30/2019 Variation in the Variation in the (1) Hedge Amount reclassified Book value amount Nominal amounts Hedge Instruments ineffectiveness from foreign recognized in Value used to calculate recognized in currency Stockholders’ hedge income convertion reserve Assets Liabilities (2) ineffectiveness Equity (3) Interest rate risk DDI Future 27,682,280 - 10,876 (8,011,720) (7,951,798) (59,922) - Forward (1,454,219) 587,912 - 436,653 413,607 23,046 - NDF - Non Deliverable Forward (13,021,557) 20,887 - 2,276,854 2,272,603 4,251 - Financial Assets (734,402) 734,402 - 120,166 121,915 (1,749) - Total 12,472,102 1,343,201 10,876 (5,178,047) (5,143,673) (34,374) - 06/30/2018 Variation in the Variation in the (1) Hedge Amount reclassified Book value amount Nominal amounts Hedge Instruments ineffectiveness from foreign recognized in Value used to calculate recognized in currency Stockholders’ hedge income convertion reserve Assets Liabilities (2) ineffectiveness Equity (3) Interest rate risk DDI Future 27,806,294 - 135,788 (8,637,443) (8,577,521) (59,922) - Forward (1,448,864) 1,184,433 - 761,246 738,200 23,046 - NDF - Non Deliverable Forward (13,056,425) 365,281 - 1,551,346 1,547,095 4,251 - Financial Assets (696,607) 696,607 - 48,413 50,162 (1,749) - Total 12,604,398 2,246,321 135,788 (6,276,438) (6,242,064) (34,374) - (1) Recorded under heading Derivative financial instruments. (2) Recorded under heading Asset Valuation Adjustments. (3) DDI Future negotiated on B3 and Financial Assets and Forward contracts or NDF contracts entered into by our subsidiaries abroad. Receipts (payments) of interest flows are expected to occur and will affect the statement of income upon the total or partial disposal of investments. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 85 06/30/2019 Variation in the Variation in the (1) Hedge Amount reclassified Book value amount Nominal amounts Hedge Instruments ineffectiveness from foreign recognized in Value used to calculate recognized in currency Stockholders’ hedge income convertion reserve Assets Liabilities (2) ineffectiveness Equity (3) Interest rate risk DDI Future 27,682,280 - 10,876 (8,011,720) (7,951,798) (59,922) - Forward (1,454,219) 587,912 - 436,653 413,607 23,046 - NDF - Non Deliverable Forward (13,021,557) 20,887 - 2,276,854 2,272,603 4,251 - Financial Assets (734,402) 734,402 - 120,166 121,915 (1,749) - Total 12,472,102 1,343,201 10,876 (5,178,047) (5,143,673) (34,374) - 06/30/2018 Variation in the Variation in the (1) Hedge Amount reclassified Book value amount Nominal amounts Hedge Instruments ineffectiveness from foreign recognized in Value used to calculate recognized in currency Stockholders’ hedge income convertion reserve Assets Liabilities (2) ineffectiveness Equity (3) Interest rate risk DDI Future 27,806,294 - 135,788 (8,637,443) (8,577,521) (59,922) - Forward (1,448,864) 1,184,433 - 761,246 738,200 23,046 - NDF - Non Deliverable Forward (13,056,425) 365,281 - 1,551,346 1,547,095 4,251 - Financial Assets (696,607) 696,607 - 48,413 50,162 (1,749) - Total 12,604,398 2,246,321 135,788 (6,276,438) (6,242,064) (34,374) - (1) Recorded under heading Derivative financial instruments. (2) Recorded under heading Asset Valuation Adjustments. (3) DDI Future negotiated on B3 and Financial Assets and Forward contracts or NDF contracts entered into by our subsidiaries abroad. Receipts (payments) of interest flows are expected to occur and will affect the statement of income upon the total or partial disposal of investments. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 85

IV) We present below the maturity terms of cash flow hedge, market risk hedge strategies and Hedge of net investiment in foreign operations: 06/30/2019 0-1 year 1-2 years 2-3 years 3-4 years 4-5 years 5-10 years Over 10 years Total Hedge of deposits and securities purchased under agreements to resell 3,106,924 8,930,780 1,551,474 8,191,853 - 4,294,505 - 26,075,536 Hedge of highly probable anticipated transactions 24,043,290 - - - - - - 24,043,290 Hedge of assets transactions - 1,739,150 - - - - - 1,739,150 Hedge of assets denominated in UF 4,932,812 3,214,996 56,608 - - - - 8,204,416 Hedge of funding (Cash flow) 1,937,083 - - - - 233,262 - 2,170,345 Hedge of loan operations (Cash flow) 28,240 22,592 192,032 28,240 - - - 271,104 Hedge of loan operations (Market risk) 269,031 762,657 1,611,972 1,380,337 826,016 881,061 864,526 6,595,600 Hedge of funding (Market risk) 1,608,862 157,597 157,599 797,590 - 4,026,694 2,300,929 9,049,271 Hedge of available-for-sale securities 4,339,672 1,624,821 - 1,038,671 - 2,951,157 828,960 10,783,281 Asset-backed securities under repurchase agreements 7,153,018 1,747,212 - 4,113,413 - - - 13,013,643 (*) Hedge of net investment in foreign operations 12,472,102 - - - - - - 12,472,102 Total 59,891,034 18,199,805 3,569,685 15,550,104 826,016 12,386,679 3,994,415 114,417,738 06/30/2018 0-1 year 1-2 years 2-3 years 3-4 years 4-5 years 5-10 years Over 10 years Total Hedge of deposits and securities purchased under agreements to resell 15,415,657 2,544,101 5,022,835 111,575 1,705,507 8,540 - 24,808,215 Hedge of highly probable anticipated transactions 97,712 16,285 - - - - - 113,997 Hedge of assets transactions 7,011,873 - 1,300,320 - - - - 8,312,193 Hedge of assets denominated in UF 11,227,126 1,988,810 - 58,481 - - - 13,274,417 Hedge of funding (Cash flow) 1,870,363 508,937 475,486 29,570 - 309,302 - 3,193,658 Hedge of loan operations (Cash flow) - 29,570 23,656 201,076 29,570 - - 283,872 Hedge of loan operations (Market risk) 152,006 285,671 644,901 1,977,559 1,211,989 1,584,553 1,240,755 7,097,434 Hedge of funding (Market risk) 140,427 4,036,630 406,061 160,617 818,869 4,142,307 2,441,378 12,146,289 Hedge of available-for-sale securities - 369,600 265,320 - - 308,880 - 943,800 Asset-backed securities under repurchase agreements 25,164,137 6,513,152 1,527,057 - 3,250,067 - - 36,454,413 (*) 12,604,398 - - - - - - 12,604,398 Hedge of net investment in foreign operations 73,683,699 16,292,756 9,665,636 2,538,878 7,016,002 6,353,582 3,682,133 119,232,686 Total (*) Classified as current, since instruments are frequently renewed. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 86 IV) We present below the maturity terms of cash flow hedge, market risk hedge strategies and Hedge of net investiment in foreign operations: 06/30/2019 0-1 year 1-2 years 2-3 years 3-4 years 4-5 years 5-10 years Over 10 years Total Hedge of deposits and securities purchased under agreements to resell 3,106,924 8,930,780 1,551,474 8,191,853 - 4,294,505 - 26,075,536 Hedge of highly probable anticipated transactions 24,043,290 - - - - - - 24,043,290 Hedge of assets transactions - 1,739,150 - - - - - 1,739,150 Hedge of assets denominated in UF 4,932,812 3,214,996 56,608 - - - - 8,204,416 Hedge of funding (Cash flow) 1,937,083 - - - - 233,262 - 2,170,345 Hedge of loan operations (Cash flow) 28,240 22,592 192,032 28,240 - - - 271,104 Hedge of loan operations (Market risk) 269,031 762,657 1,611,972 1,380,337 826,016 881,061 864,526 6,595,600 Hedge of funding (Market risk) 1,608,862 157,597 157,599 797,590 - 4,026,694 2,300,929 9,049,271 Hedge of available-for-sale securities 4,339,672 1,624,821 - 1,038,671 - 2,951,157 828,960 10,783,281 Asset-backed securities under repurchase agreements 7,153,018 1,747,212 - 4,113,413 - - - 13,013,643 (*) Hedge of net investment in foreign operations 12,472,102 - - - - - - 12,472,102 Total 59,891,034 18,199,805 3,569,685 15,550,104 826,016 12,386,679 3,994,415 114,417,738 06/30/2018 0-1 year 1-2 years 2-3 years 3-4 years 4-5 years 5-10 years Over 10 years Total Hedge of deposits and securities purchased under agreements to resell 15,415,657 2,544,101 5,022,835 111,575 1,705,507 8,540 - 24,808,215 Hedge of highly probable anticipated transactions 97,712 16,285 - - - - - 113,997 Hedge of assets transactions 7,011,873 - 1,300,320 - - - - 8,312,193 Hedge of assets denominated in UF 11,227,126 1,988,810 - 58,481 - - - 13,274,417 Hedge of funding (Cash flow) 1,870,363 508,937 475,486 29,570 - 309,302 - 3,193,658 Hedge of loan operations (Cash flow) - 29,570 23,656 201,076 29,570 - - 283,872 Hedge of loan operations (Market risk) 152,006 285,671 644,901 1,977,559 1,211,989 1,584,553 1,240,755 7,097,434 Hedge of funding (Market risk) 140,427 4,036,630 406,061 160,617 818,869 4,142,307 2,441,378 12,146,289 Hedge of available-for-sale securities - 369,600 265,320 - - 308,880 - 943,800 Asset-backed securities under repurchase agreements 25,164,137 6,513,152 1,527,057 - 3,250,067 - - 36,454,413 (*) 12,604,398 - - - - - - 12,604,398 Hedge of net investment in foreign operations 73,683,699 16,292,756 9,665,636 2,538,878 7,016,002 6,353,582 3,682,133 119,232,686 Total (*) Classified as current, since instruments are frequently renewed. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 86

g) Sensitivity analysis (trading and banking portfolios) In compliance with CVM Instruction nº. 475, ITAÚ UNIBANCO HOLDING CONSOLIDATED carried out a sensitivity analysis by market risk factors considered relevant. The biggest losses arising, by risk factor, in each scenario, were stated together with their impact on the results, net of tax effects, by providing an overview of ITAÚ UNIBANCO HOLDING CONSOLIDATED’s exposure under exceptional scenarios. The sensitivity analyses of the banking and the trading portfolio shown in this report are an evaluation of a static position of the portfolio exposure and, therefore, do not consider management’s quick response capacity (treasury and control areas), which triggers risk mitigating measures, whenever a situation of high loss or risk is identified by minimizing the sensitivity to significant losses. In addition, the study's sole purpose is to disclose the exposure to risk and the respective protective actions, taking into account the fair value of financial instruments, irrespective of the accounting practices adopted by ITAÚ UNIBANCO HOLDING CONSOLIDATED. Trading portfolio Exposures 06/30/2019 (*) Scenarios Risk factors Risk of variations in: I II III 32 (1,990) 6,486 Interest Rate Fixed Income Interest Rates in Reais (640) (37,105) (81,830) Foreign Exchange Linked Foreign Exchange Linked Interest Rates 619 119,435 308,062 Foreign Exchange Rates Prices of Foreign Currencies (263) (10,001) (17,246) Price Index Linked Interest of Inflation coupon - - (1) TR TR Linked Interest Rates 1,239 24,982 64,860 Equities Prices of Equities 200 207 3,071 Other Exposures that do not fall under the definitions above Total 1,187 95,528 283,402 (*) Amounts net of tax effects. Trading and Banking portfolios Exposures 06/30/2019 (*) Scenarios Risk factors Risk of variations in: I II III Interest Rate Fixed Income Interest Rates in Reais (7,303) (1,123,329) (2,198,852) (3,205) (284,746) (555,914) Foreign Exchange Linked Foreign Exchange Linked Interest Rates 4,270 40,376 128,530 Foreign Exchange Rates Prices of Foreign Currencies (2,277) (214,721) (403,436) Price Index Linked Interest of Inflation coupon TR TR Linked Interest Rates 352 (49,144) (123,340) 3,594 (33,753) (53,587) Equities Prices of Equities 284 (1,004) (3,258) Other Exposures that do not fall under the definitions above Total (4,285) (1,666,321) (3,209,857) (*) Amounts net of tax effects. The following scenarios are used to measure the sensitivity: · Scenario I: Addition of 1 base point in interest fixed rates, currency coupon, inflation and interest rate index, and 1 percentage point in currency and share prices; · Scenario II: Shocks of 25 percent in interest fixed rates, currency coupon, inflation, interest rate indexes and currency and share prices, for both growth and decline, considering the highest possible resulting losses per risk factor; · Scenario III: Shocks of 50 percent in interest fixed rates, currency coupon, inflation, interest rate indexes and currency and share prices, for both growth and decline, considering the highest possible resulting losses per risk factor. Derivative financial instruments engaged by ITAÚ UNIBANCO HOLDING CONSOLIDATED are shown in the item Derivative financial instruments in this note. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 87 g) Sensitivity analysis (trading and banking portfolios) In compliance with CVM Instruction nº. 475, ITAÚ UNIBANCO HOLDING CONSOLIDATED carried out a sensitivity analysis by market risk factors considered relevant. The biggest losses arising, by risk factor, in each scenario, were stated together with their impact on the results, net of tax effects, by providing an overview of ITAÚ UNIBANCO HOLDING CONSOLIDATED’s exposure under exceptional scenarios. The sensitivity analyses of the banking and the trading portfolio shown in this report are an evaluation of a static position of the portfolio exposure and, therefore, do not consider management’s quick response capacity (treasury and control areas), which triggers risk mitigating measures, whenever a situation of high loss or risk is identified by minimizing the sensitivity to significant losses. In addition, the study's sole purpose is to disclose the exposure to risk and the respective protective actions, taking into account the fair value of financial instruments, irrespective of the accounting practices adopted by ITAÚ UNIBANCO HOLDING CONSOLIDATED. Trading portfolio Exposures 06/30/2019 (*) Scenarios Risk factors Risk of variations in: I II III 32 (1,990) 6,486 Interest Rate Fixed Income Interest Rates in Reais (640) (37,105) (81,830) Foreign Exchange Linked Foreign Exchange Linked Interest Rates 619 119,435 308,062 Foreign Exchange Rates Prices of Foreign Currencies (263) (10,001) (17,246) Price Index Linked Interest of Inflation coupon - - (1) TR TR Linked Interest Rates 1,239 24,982 64,860 Equities Prices of Equities 200 207 3,071 Other Exposures that do not fall under the definitions above Total 1,187 95,528 283,402 (*) Amounts net of tax effects. Trading and Banking portfolios Exposures 06/30/2019 (*) Scenarios Risk factors Risk of variations in: I II III Interest Rate Fixed Income Interest Rates in Reais (7,303) (1,123,329) (2,198,852) (3,205) (284,746) (555,914) Foreign Exchange Linked Foreign Exchange Linked Interest Rates 4,270 40,376 128,530 Foreign Exchange Rates Prices of Foreign Currencies (2,277) (214,721) (403,436) Price Index Linked Interest of Inflation coupon TR TR Linked Interest Rates 352 (49,144) (123,340) 3,594 (33,753) (53,587) Equities Prices of Equities 284 (1,004) (3,258) Other Exposures that do not fall under the definitions above Total (4,285) (1,666,321) (3,209,857) (*) Amounts net of tax effects. The following scenarios are used to measure the sensitivity: · Scenario I: Addition of 1 base point in interest fixed rates, currency coupon, inflation and interest rate index, and 1 percentage point in currency and share prices; · Scenario II: Shocks of 25 percent in interest fixed rates, currency coupon, inflation, interest rate indexes and currency and share prices, for both growth and decline, considering the highest possible resulting losses per risk factor; · Scenario III: Shocks of 50 percent in interest fixed rates, currency coupon, inflation, interest rate indexes and currency and share prices, for both growth and decline, considering the highest possible resulting losses per risk factor. Derivative financial instruments engaged by ITAÚ UNIBANCO HOLDING CONSOLIDATED are shown in the item Derivative financial instruments in this note. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 87

Note 6 - Loan, lease and other credit operations a) Composition of the portfolio with credit granting characteristics I – By type of operations and risk level 06/30/2019 06/30/2018 Risk levels AA A B C D E F G H Total Total Loan operations 231,767,446 114,979,833 48,641,343 24,246,445 8,543,443 5,056,171 4,683,602 5,200,553 9,733,495 452,852,331 432,496,214 Loans and discounted trade receivables 95,292,335 92,441,035 34,850,247 20,749,769 7,248,196 3,741,178 3,173,956 3,409,790 8,466,655 269,373,161 260,484,531 Financing 58,673,518 15,339,977 11,120,296 2,387,031 750,303 809,160 971,169 1,266,037 905,444 92,222,935 84,802,412 Farming and agribusiness financing 9,308,858 762,560 743,158 58,890 20,467 34,535 20,232 18,419 6,651 10,973,770 8,627,036 Real estate financing 68,492,735 6,436,261 1,927,642 1,050,755 524,477 471,298 518,245 506,307 354,745 80,282,465 78,582,235 Lease operations 1,508,751 4,173,358 1,126,154 327,464 116,072 32,251 117,689 31,299 129,172 7,562,210 8,337,364 Credit card operations 348,595 72,162,410 3,767,531 3,015,472 1,431,676 758,991 867,957 665,670 3,229,919 86,248,221 72,483,680 (1) Advance on exchange contracts 2,888,411 594,476 678,616 101,683 69,560 17,890 21,873 - 11,856 4,384,365 4,156,304 (2) Other sundry receivables 2,991 373,941 849 68,786 49,790 157 83,372 1,047,444 234,243 1,861,573 1,036,162 Total operations with credit granting characteristics 236,516,194 192,284,018 54,214,493 27,759,850 10,210,541 5,865,460 5,774,493 6,944,966 13,338,685 552,908,700 518,509,724 (3) Financial Guarantees Provided 64,658,682 70,119,982 Total with Financial Guarantees Provided 236,516,194 192,284,018 54,214,493 27,759,850 10,210,541 5,865,460 5,774,493 6,944,966 13,338,685 617,567,382 588,629,706 Total – 06/30/2018 226,156,712 173,712,698 49,215,262 25,117,587 11,349,288 5,245,195 7,368,402 7,096,206 13,248,374 518,509,724 (1) Includes Advances on exchange contracts and Income receivable from advances granted, reclassified from Liabilities – Foreign exchange portfolio / Other receivables (Note 2a); (2) Includes Securities and credits receivable, Debtors for purchase of assets and Financial guarantees provided paid; (3) Recorded in Memorandum accounts. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 88 Note 6 - Loan, lease and other credit operations a) Composition of the portfolio with credit granting characteristics I – By type of operations and risk level 06/30/2019 06/30/2018 Risk levels AA A B C D E F G H Total Total Loan operations 231,767,446 114,979,833 48,641,343 24,246,445 8,543,443 5,056,171 4,683,602 5,200,553 9,733,495 452,852,331 432,496,214 Loans and discounted trade receivables 95,292,335 92,441,035 34,850,247 20,749,769 7,248,196 3,741,178 3,173,956 3,409,790 8,466,655 269,373,161 260,484,531 Financing 58,673,518 15,339,977 11,120,296 2,387,031 750,303 809,160 971,169 1,266,037 905,444 92,222,935 84,802,412 Farming and agribusiness financing 9,308,858 762,560 743,158 58,890 20,467 34,535 20,232 18,419 6,651 10,973,770 8,627,036 Real estate financing 68,492,735 6,436,261 1,927,642 1,050,755 524,477 471,298 518,245 506,307 354,745 80,282,465 78,582,235 Lease operations 1,508,751 4,173,358 1,126,154 327,464 116,072 32,251 117,689 31,299 129,172 7,562,210 8,337,364 Credit card operations 348,595 72,162,410 3,767,531 3,015,472 1,431,676 758,991 867,957 665,670 3,229,919 86,248,221 72,483,680 (1) Advance on exchange contracts 2,888,411 594,476 678,616 101,683 69,560 17,890 21,873 - 11,856 4,384,365 4,156,304 (2) Other sundry receivables 2,991 373,941 849 68,786 49,790 157 83,372 1,047,444 234,243 1,861,573 1,036,162 Total operations with credit granting characteristics 236,516,194 192,284,018 54,214,493 27,759,850 10,210,541 5,865,460 5,774,493 6,944,966 13,338,685 552,908,700 518,509,724 (3) Financial Guarantees Provided 64,658,682 70,119,982 Total with Financial Guarantees Provided 236,516,194 192,284,018 54,214,493 27,759,850 10,210,541 5,865,460 5,774,493 6,944,966 13,338,685 617,567,382 588,629,706 Total – 06/30/2018 226,156,712 173,712,698 49,215,262 25,117,587 11,349,288 5,245,195 7,368,402 7,096,206 13,248,374 518,509,724 (1) Includes Advances on exchange contracts and Income receivable from advances granted, reclassified from Liabilities – Foreign exchange portfolio / Other receivables (Note 2a); (2) Includes Securities and credits receivable, Debtors for purchase of assets and Financial guarantees provided paid; (3) Recorded in Memorandum accounts. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 88

II – By maturity and risk level 06/30/2019 06/30/2018 AA A B C D E F G H Total Total (1) (2) Overdue Operations Falling due installments - - 1,948,933 1,853,452 1,440,946 1,216,646 1,331,279 1,407,538 3,712,656 12,911,450 12,825,938 01 to 30 - - 86,822 89,511 72,644 59,840 60,839 49,244 195,284 614,184 548,494 31 to 60 - - 66,508 77,385 84,247 52,209 55,762 41,779 175,101 552,991 444,979 61 to 90 - - 62,718 72,280 66,643 47,360 49,542 39,540 162,106 500,189 501,566 91 to 180 - - 169,865 204,616 175,481 134,313 146,662 120,074 501,987 1,452,998 1,125,709 181 to 365 - - 272,503 306,714 271,143 214,619 225,877 268,837 694,168 2,253,861 1,945,952 Over 365 - - 1,290,517 1,102,946 770,788 708,305 792,597 888,064 1,984,010 7,537,227 8,259,238 Overdue installments - - 993,178 1,156,470 1,301,165 1,103,875 1,595,956 1,592,769 6,291,976 14,035,389 12,742,540 01 to 14 - - 8,118 35,191 30,504 24,861 24,561 29,099 82,277 234,611 234,921 15 to 30 - - 821,587 145,605 109,834 79,121 55,963 66,056 220,970 1,499,136 1,525,044 31 to 60 - - 163,473 838,109 208,388 162,138 142,787 94,261 368,368 1,977,524 1,790,073 61 to 90 - - - 102,487 861,077 140,862 185,960 114,756 356,013 1,761,155 1,485,460 91 to 180 - - - 35,078 91,362 660,412 1,131,260 1,019,771 1,085,749 4,023,632 3,463,515 181 to 365 - - - - - 36,481 55,425 268,826 4,010,802 4,371,534 4,047,703 Over 365 - - - - - - - - 167,797 167,797 195,824 Subtotal (a) - - 2,942,111 3,009,922 2,742,111 2,320,521 2,927,235 3,000,307 10,004,632 26,946,839 25,568,478 Specific allowance (b) - - (29,421) (90,298) (274,211) (696,156) (1,463,618) (2,100,215) ( 10,004,632) (14,658,551) (13,848,834) Subtotal - 06/30/2018 - - 3,137,159 2,874,505 2,492,815 2,199,147 2,665,571 2,366,215 9,833,066 25,568,478 Non-overdue operations Falling due installments 235,613,855 190,389,743 50,593,066 24,491,879 7,316,364 3,465,505 2,798,771 3,921,178 3,274,463 521,864,824 489,252,094 01 to 30 18,207,993 42,775,420 8,688,070 3,799,957 1,372,481 291,609 283,507 335,129 437,926 76,192,092 68,399,613 31 to 60 19,307,793 19,016,854 4,207,704 1,374,940 506,341 200,600 85,545 70,537 189,050 44,959,364 40,231,114 61 to 90 10,110,407 13,245,944 3,374,783 1,070,734 462,688 154,022 82,263 261,806 164,578 28,927,225 24,061,422 91 to 180 25,339,834 25,824,345 6,701,535 2,429,859 820,332 284,187 299,029 442,416 485,038 62,626,575 52,854,751 181 to 365 32,520,271 27,213,112 8,039,358 3,127,903 1,115,270 512,166 368,337 286,191 590,396 73,773,004 63,995,372 Over 365 130,127,557 62,314,068 19,581,616 12,688,486 3,039,252 2,022,921 1,680,090 2,525,099 1,407,475 235,386,564 239,709,822 Overdue up to 14 days 902,339 1,894,275 679,316 258,049 152,066 79,434 48,487 23,481 59,590 4,097,037 3,689,152 Subtotal (c) 236,516,194 192,284,018 51,272,382 24,749,928 7,468,430 3,544,939 2,847,258 3,944,659 3,334,053 525,961,861 492,941,246 Generic allowance (d) - ( 961,420) (512,724) (742,498) (746,843) (1,063,482) (1,423,629) (2,761,261) (3,334,053) (11,545,910) (12,873,816) Subtotal - 06/30/2018 226,156,712 173,712,698 46,078,103 22,243,082 8,856,473 3,046,048 4,702,831 4,729,991 3,415,308 492,941,246 Portfolio total (a + c) 236,516,194 192,284,018 54,214,493 27,759,850 10,210,541 5,865,460 5,774,493 6,944,966 13,338,685 552,908,700 518,509,724 Existing allowance - ( 961,420) (542,145) (832,796) (1,021,054) (2,537,715) (5,773,916) (6,944,271) (13,338,685) (33,090,509) (36,118,342) Minimum required (b + d) - ( 961,420) (542,145) (832,796) (1,021,054) (1,759,638) (2,887,247) (4,861,476) ( 13,338,685) (26,204,461) (26,722,650) - - - - - ( 778,077) (2,886,669) (2,082,795) - ( 6,886,048) (9,395,692) Additional (3) Financial Guarantees - - - - - - - - - ( 1,138,507) (1,810,014) (4) Additional - - - - - ( 778,077) (2,886,669) (2,082,795) - ( 5,747,541) (7,585,678) Portfolio total at 06/30/2018 226,156,712 173,712,698 49,215,262 25,117,587 11,349,288 5,245,195 7,368,402 7,096,206 13,248,374 518,509,724 Existing allowance at 06/30/2018 - ( 868,563) (492,153) (753,528) (1,134,929) (3,347,620) (7,367,665) (7,095,496) (13,248,374) (36,118,342) Minimum required - ( 868,563) (492,153) (753,528) (1,134,929) (1,573,558) (3,684,201) (4,967,344) ( 13,248,374) (26,722,650) - - - - - ( 1,774,062) (3,683,464) (2,128,152) - ( 9,395,692) Additional (3) Financial Guarantees - - - - - - - - - ( 1,810,014) (4) Additional - - - - - ( 1,774,062) (3,683,464) (2,128,152) - ( 7,585,678) (1) Operations with overdue installments for more than 14 days or under control of administrators or in companies in the process of declaring bankruptcy; (2) The balance of non-accrual operations amounts to R$ 19,523,509 (R$ 17,975,644 at 06/30/2018); (3) Provision for financial guarantees provided, recorded in Other liabilities - Sundry, in the Consolidated Balance Sheet; (4) Related to expected and potential loss. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 89 II – By maturity and risk level 06/30/2019 06/30/2018 AA A B C D E F G H Total Total (1) (2) Overdue Operations Falling due installments - - 1,948,933 1,853,452 1,440,946 1,216,646 1,331,279 1,407,538 3,712,656 12,911,450 12,825,938 01 to 30 - - 86,822 89,511 72,644 59,840 60,839 49,244 195,284 614,184 548,494 31 to 60 - - 66,508 77,385 84,247 52,209 55,762 41,779 175,101 552,991 444,979 61 to 90 - - 62,718 72,280 66,643 47,360 49,542 39,540 162,106 500,189 501,566 91 to 180 - - 169,865 204,616 175,481 134,313 146,662 120,074 501,987 1,452,998 1,125,709 181 to 365 - - 272,503 306,714 271,143 214,619 225,877 268,837 694,168 2,253,861 1,945,952 Over 365 - - 1,290,517 1,102,946 770,788 708,305 792,597 888,064 1,984,010 7,537,227 8,259,238 Overdue installments - - 993,178 1,156,470 1,301,165 1,103,875 1,595,956 1,592,769 6,291,976 14,035,389 12,742,540 01 to 14 - - 8,118 35,191 30,504 24,861 24,561 29,099 82,277 234,611 234,921 15 to 30 - - 821,587 145,605 109,834 79,121 55,963 66,056 220,970 1,499,136 1,525,044 31 to 60 - - 163,473 838,109 208,388 162,138 142,787 94,261 368,368 1,977,524 1,790,073 61 to 90 - - - 102,487 861,077 140,862 185,960 114,756 356,013 1,761,155 1,485,460 91 to 180 - - - 35,078 91,362 660,412 1,131,260 1,019,771 1,085,749 4,023,632 3,463,515 181 to 365 - - - - - 36,481 55,425 268,826 4,010,802 4,371,534 4,047,703 Over 365 - - - - - - - - 167,797 167,797 195,824 Subtotal (a) - - 2,942,111 3,009,922 2,742,111 2,320,521 2,927,235 3,000,307 10,004,632 26,946,839 25,568,478 Specific allowance (b) - - (29,421) (90,298) (274,211) (696,156) (1,463,618) (2,100,215) ( 10,004,632) (14,658,551) (13,848,834) Subtotal - 06/30/2018 - - 3,137,159 2,874,505 2,492,815 2,199,147 2,665,571 2,366,215 9,833,066 25,568,478 Non-overdue operations Falling due installments 235,613,855 190,389,743 50,593,066 24,491,879 7,316,364 3,465,505 2,798,771 3,921,178 3,274,463 521,864,824 489,252,094 01 to 30 18,207,993 42,775,420 8,688,070 3,799,957 1,372,481 291,609 283,507 335,129 437,926 76,192,092 68,399,613 31 to 60 19,307,793 19,016,854 4,207,704 1,374,940 506,341 200,600 85,545 70,537 189,050 44,959,364 40,231,114 61 to 90 10,110,407 13,245,944 3,374,783 1,070,734 462,688 154,022 82,263 261,806 164,578 28,927,225 24,061,422 91 to 180 25,339,834 25,824,345 6,701,535 2,429,859 820,332 284,187 299,029 442,416 485,038 62,626,575 52,854,751 181 to 365 32,520,271 27,213,112 8,039,358 3,127,903 1,115,270 512,166 368,337 286,191 590,396 73,773,004 63,995,372 Over 365 130,127,557 62,314,068 19,581,616 12,688,486 3,039,252 2,022,921 1,680,090 2,525,099 1,407,475 235,386,564 239,709,822 Overdue up to 14 days 902,339 1,894,275 679,316 258,049 152,066 79,434 48,487 23,481 59,590 4,097,037 3,689,152 Subtotal (c) 236,516,194 192,284,018 51,272,382 24,749,928 7,468,430 3,544,939 2,847,258 3,944,659 3,334,053 525,961,861 492,941,246 Generic allowance (d) - ( 961,420) (512,724) (742,498) (746,843) (1,063,482) (1,423,629) (2,761,261) (3,334,053) (11,545,910) (12,873,816) Subtotal - 06/30/2018 226,156,712 173,712,698 46,078,103 22,243,082 8,856,473 3,046,048 4,702,831 4,729,991 3,415,308 492,941,246 Portfolio total (a + c) 236,516,194 192,284,018 54,214,493 27,759,850 10,210,541 5,865,460 5,774,493 6,944,966 13,338,685 552,908,700 518,509,724 Existing allowance - ( 961,420) (542,145) (832,796) (1,021,054) (2,537,715) (5,773,916) (6,944,271) (13,338,685) (33,090,509) (36,118,342) Minimum required (b + d) - ( 961,420) (542,145) (832,796) (1,021,054) (1,759,638) (2,887,247) (4,861,476) ( 13,338,685) (26,204,461) (26,722,650) - - - - - ( 778,077) (2,886,669) (2,082,795) - ( 6,886,048) (9,395,692) Additional (3) Financial Guarantees - - - - - - - - - ( 1,138,507) (1,810,014) (4) Additional - - - - - ( 778,077) (2,886,669) (2,082,795) - ( 5,747,541) (7,585,678) Portfolio total at 06/30/2018 226,156,712 173,712,698 49,215,262 25,117,587 11,349,288 5,245,195 7,368,402 7,096,206 13,248,374 518,509,724 Existing allowance at 06/30/2018 - ( 868,563) (492,153) (753,528) (1,134,929) (3,347,620) (7,367,665) (7,095,496) (13,248,374) (36,118,342) Minimum required - ( 868,563) (492,153) (753,528) (1,134,929) (1,573,558) (3,684,201) (4,967,344) ( 13,248,374) (26,722,650) - - - - - ( 1,774,062) (3,683,464) (2,128,152) - ( 9,395,692) Additional (3) Financial Guarantees - - - - - - - - - ( 1,810,014) (4) Additional - - - - - ( 1,774,062) (3,683,464) (2,128,152) - ( 7,585,678) (1) Operations with overdue installments for more than 14 days or under control of administrators or in companies in the process of declaring bankruptcy; (2) The balance of non-accrual operations amounts to R$ 19,523,509 (R$ 17,975,644 at 06/30/2018); (3) Provision for financial guarantees provided, recorded in Other liabilities - Sundry, in the Consolidated Balance Sheet; (4) Related to expected and potential loss. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 89

III – By business sector 06/30/2019 % 06/30/2018 % 552,259 0.1% 1,579,741 0.3% Public Sector Energy - 0.0% 12,758 0.0% Petrochemical and chemical 229,906 0.0% 1,195,596 0.2% Sundry 322,353 0.1% 371,387 0.1% 552,356,441 99.9% 516,929,983 99.7% Private sector Companies 269,802,049 48.8% 261,375,473 50.4% Sugar and alcohol 5,179,877 0.9% 6,172,873 1.2% Agribusiness and fertilizers 17,869,484 3.2% 16,409,452 3.2% Food and beverage 16,109,495 2.9% 13,368,818 2.6% 8,857,972 1.6% 7,887,734 1.5% Banks and other financial institutions Capital assets 4,919,031 0.9% 4,240,696 0.8% 1,282,600 0.2% 2,054,249 0.4% Pulp and paper Publishing and printing 1,090,413 0.2% 953,158 0.2% Electronic and IT 4,837,423 0.9% 4,123,746 0.8% Packaging 2,282,325 0.4% 2,330,797 0.4% Energy and sewage 8,462,371 1.5% 10,105,488 1.9% Education 1,916,628 0.3% 2,136,741 0.4% Pharmaceuticals and cosmetics 5,763,703 1.0% 5,270,024 1.0% Real estate agents 20,351,842 3.7% 19,532,251 3.8% Entertainment and tourism 4,951,829 0.9% 4,629,420 0.9% Wood and furniture 2,964,349 0.6% 2,799,838 0.5% Construction materials 4,692,955 0.9% 4,687,740 0.9% 8,001,711 1.5% 7,710,391 1.5% Steel and metallurgy Media 572,634 0.1% 591,580 0.1% Mining 5,106,091 0.9% 6,019,960 1.3% Infrastructure work 9,279,045 1.7% 9,418,459 1.8% (*) Oil and gas 6,257,759 1.1% 5,232,806 1.0% Petrochemical and chemical 8,956,280 1.6% 7,957,060 1.5% Health care 2,911,407 0.5% 2,409,620 0.5% Insurance, reinsurance and pension plans 76,897 0.0% 33,672 0.0% Telecommucations 2,196,764 0.4% 2,137,602 0.4% Third sector 1,336,128 0.3% 2,142,326 0.4% Tradings 1,820,411 0.3% 1,982,400 0.4% Transportation 16,585,309 3.0% 14,636,402 2.8% Domestic appliances 1,926,590 0.4% 1,791,026 0.3% 11,870,654 2.2% 11,327,611 2.2% Vehicles and autoparts Clothing and shoes 4,483,822 0.8% 4,613,300 0.9% Commerce - sundry 18,416,888 3.3% 16,109,941 3.1% Industry - sundry 9,338,491 1.7% 8,861,766 1.7% Sundry services 38,368,454 6.9% 37,933,951 7.3% Sundry 10,764,417 2.0% 13,762,575 2.7% 282,554,392 51.1% 255,554,510 49.3% Individuals Credit cards 84,761,646 15.3% 71,528,025 13.8% Real estate financing 71,515,836 12.9% 68,050,763 13.1% Consumer loans / overdraft 108,583,597 19.7% 100,545,004 19.4% Vehicles 17,693,313 3.2% 15,430,718 3.0% 552,908,700 100.0% 518,509,724 100.0% Grand total (*) Comprises trade of fuel. IV - Financial guarantees provided by type 06/30/2019 06/30/2018 Type of guarantees Portfolio Provision Portfolio Provision Endorsements or sureties pledged in legal and administrative tax proceedings 31,779,807 (450,170) 34,987,221 (942,083) Sundry bank guarantees 21,388,348 (558,483) 23,126,333 (690,630) Other financial guarantees provided 6,765,653 (68,999) 6,035,350 (106,513) Tied to the distribution of marketable securities by Public Offering 250,000 (6) 1,259,330 (5,883) Restricted to bids, auctions, service provision or execution of works 3,045,464 (22,690) 3,843,912 (55,896) Restricted to supply of goods 897,297 (31,890) 674,027 (7,482) Restricted to international trade of goods 532,113 (6,269) 193,809 (1,527) Total 64,658,682 (1,138,507) 70,119,982 (1,810,014) Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 90 III – By business sector 06/30/2019 % 06/30/2018 % 552,259 0.1% 1,579,741 0.3% Public Sector Energy - 0.0% 12,758 0.0% Petrochemical and chemical 229,906 0.0% 1,195,596 0.2% Sundry 322,353 0.1% 371,387 0.1% 552,356,441 99.9% 516,929,983 99.7% Private sector Companies 269,802,049 48.8% 261,375,473 50.4% Sugar and alcohol 5,179,877 0.9% 6,172,873 1.2% Agribusiness and fertilizers 17,869,484 3.2% 16,409,452 3.2% Food and beverage 16,109,495 2.9% 13,368,818 2.6% 8,857,972 1.6% 7,887,734 1.5% Banks and other financial institutions Capital assets 4,919,031 0.9% 4,240,696 0.8% 1,282,600 0.2% 2,054,249 0.4% Pulp and paper Publishing and printing 1,090,413 0.2% 953,158 0.2% Electronic and IT 4,837,423 0.9% 4,123,746 0.8% Packaging 2,282,325 0.4% 2,330,797 0.4% Energy and sewage 8,462,371 1.5% 10,105,488 1.9% Education 1,916,628 0.3% 2,136,741 0.4% Pharmaceuticals and cosmetics 5,763,703 1.0% 5,270,024 1.0% Real estate agents 20,351,842 3.7% 19,532,251 3.8% Entertainment and tourism 4,951,829 0.9% 4,629,420 0.9% Wood and furniture 2,964,349 0.6% 2,799,838 0.5% Construction materials 4,692,955 0.9% 4,687,740 0.9% 8,001,711 1.5% 7,710,391 1.5% Steel and metallurgy Media 572,634 0.1% 591,580 0.1% Mining 5,106,091 0.9% 6,019,960 1.3% Infrastructure work 9,279,045 1.7% 9,418,459 1.8% (*) Oil and gas 6,257,759 1.1% 5,232,806 1.0% Petrochemical and chemical 8,956,280 1.6% 7,957,060 1.5% Health care 2,911,407 0.5% 2,409,620 0.5% Insurance, reinsurance and pension plans 76,897 0.0% 33,672 0.0% Telecommucations 2,196,764 0.4% 2,137,602 0.4% Third sector 1,336,128 0.3% 2,142,326 0.4% Tradings 1,820,411 0.3% 1,982,400 0.4% Transportation 16,585,309 3.0% 14,636,402 2.8% Domestic appliances 1,926,590 0.4% 1,791,026 0.3% 11,870,654 2.2% 11,327,611 2.2% Vehicles and autoparts Clothing and shoes 4,483,822 0.8% 4,613,300 0.9% Commerce - sundry 18,416,888 3.3% 16,109,941 3.1% Industry - sundry 9,338,491 1.7% 8,861,766 1.7% Sundry services 38,368,454 6.9% 37,933,951 7.3% Sundry 10,764,417 2.0% 13,762,575 2.7% 282,554,392 51.1% 255,554,510 49.3% Individuals Credit cards 84,761,646 15.3% 71,528,025 13.8% Real estate financing 71,515,836 12.9% 68,050,763 13.1% Consumer loans / overdraft 108,583,597 19.7% 100,545,004 19.4% Vehicles 17,693,313 3.2% 15,430,718 3.0% 552,908,700 100.0% 518,509,724 100.0% Grand total (*) Comprises trade of fuel. IV - Financial guarantees provided by type 06/30/2019 06/30/2018 Type of guarantees Portfolio Provision Portfolio Provision Endorsements or sureties pledged in legal and administrative tax proceedings 31,779,807 (450,170) 34,987,221 (942,083) Sundry bank guarantees 21,388,348 (558,483) 23,126,333 (690,630) Other financial guarantees provided 6,765,653 (68,999) 6,035,350 (106,513) Tied to the distribution of marketable securities by Public Offering 250,000 (6) 1,259,330 (5,883) Restricted to bids, auctions, service provision or execution of works 3,045,464 (22,690) 3,843,912 (55,896) Restricted to supply of goods 897,297 (31,890) 674,027 (7,482) Restricted to international trade of goods 532,113 (6,269) 193,809 (1,527) Total 64,658,682 (1,138,507) 70,119,982 (1,810,014) Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 90

b) Credit concentration 06/30/2019 06/30/2018 (*) Loan, lease and other credit operations % of % of Risk Risk total total Largest debtor 5,243,663 0.8 5,501,637 0.9 10 largest debtors 28,982,111 4.7 31,603,416 5.4 20 largest debtors 43,912,647 7.1 48,118,355 8.2 50 largest debtors 70,661,608 11.4 74,084,111 12.6 100 largest debtors 95,875,769 15.5 100,498,166 17.1 (*) Amounts include financial guarantees provided. 06/30/2019 06/30/2018 Loan, lease and other credit operations and securities of (*) companies and financial institutions % of % of Risk Risk total total Largest debtor 6,399,832 0.9 7,761,378 1.2 10 largest debtors 45,239,507 6.4 42,937,624 6.4 20 largest debtors 68,946,692 9.7 67,516,521 10.0 50 largest debtors 114,275,759 16.0 108,966,699 16.2 100 largest debtors 150,309,012 21.1 144,135,923 21.4 (*) Amounts include financial guarantees provided. c) Changes in allowance for loan losses and Provision for Financial Guarantees Pledged 01/01 to 01/01 to 06/30/2019 06/30/2018 Opening balance (34,260,632) (37,309,465) (8,415,726) (7,545,575) Net increase for the period Required by Resolution nº. 2,682/99 (9,040,507) (8,260,039) Required by Resolution nº. 4,512/16 (2,813) 139,630 Additional 627,594 574,834 Write-Off 9,400,399 9,493,450 185,450 (756,752) Others, mainly foreign exchange (1) Closing balance (33,090,509) (36,118,342) Required by Resolution nº. 2,682/99 (26,204,461) (26,722,650) (2) Specific (14,658,551) (13,848,834) (3) Generic (11,545,910) (12,873,816) Additional allowance (6,886,048) (9,395,692) (4) For Financial Guarantees Provided required by Resolution nº. 4,512/16 (1,138,507) (1,810,014) Additional (5,747,541) (7,585,678) Existing allowance (33,090,509) (36,118,342) Provision delay (10,666,251) (9,999,242) Provision aggravated (9,514,097) (10,024,498) Provision potential (12,910,161) (16,094,602) (1) The allowance for loan losses related to the lease portfolio amounts to: R$ (273,386) (R$ (356,297) at 06/30/2018); (2) Operations with overdue installments for more than 14 days or under responsibility of administrators or companies in the process of declaring bankruptcy; (3) For operations not covered in the previous item due to the classification of the client or operation; (4) Provision for financial guarantees provided, recorded in Other liabilities - Sundry, in the Consolidated Balance Sheet. At 06/30/2019, the balance of the allowance in relation to the loan portfolio is equivalent to 6.0% (7.0% at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 91 b) Credit concentration 06/30/2019 06/30/2018 (*) Loan, lease and other credit operations % of % of Risk Risk total total Largest debtor 5,243,663 0.8 5,501,637 0.9 10 largest debtors 28,982,111 4.7 31,603,416 5.4 20 largest debtors 43,912,647 7.1 48,118,355 8.2 50 largest debtors 70,661,608 11.4 74,084,111 12.6 100 largest debtors 95,875,769 15.5 100,498,166 17.1 (*) Amounts include financial guarantees provided. 06/30/2019 06/30/2018 Loan, lease and other credit operations and securities of (*) companies and financial institutions % of % of Risk Risk total total Largest debtor 6,399,832 0.9 7,761,378 1.2 10 largest debtors 45,239,507 6.4 42,937,624 6.4 20 largest debtors 68,946,692 9.7 67,516,521 10.0 50 largest debtors 114,275,759 16.0 108,966,699 16.2 100 largest debtors 150,309,012 21.1 144,135,923 21.4 (*) Amounts include financial guarantees provided. c) Changes in allowance for loan losses and Provision for Financial Guarantees Pledged 01/01 to 01/01 to 06/30/2019 06/30/2018 Opening balance (34,260,632) (37,309,465) (8,415,726) (7,545,575) Net increase for the period Required by Resolution nº. 2,682/99 (9,040,507) (8,260,039) Required by Resolution nº. 4,512/16 (2,813) 139,630 Additional 627,594 574,834 Write-Off 9,400,399 9,493,450 185,450 (756,752) Others, mainly foreign exchange (1) Closing balance (33,090,509) (36,118,342) Required by Resolution nº. 2,682/99 (26,204,461) (26,722,650) (2) Specific (14,658,551) (13,848,834) (3) Generic (11,545,910) (12,873,816) Additional allowance (6,886,048) (9,395,692) (4) For Financial Guarantees Provided required by Resolution nº. 4,512/16 (1,138,507) (1,810,014) Additional (5,747,541) (7,585,678) Existing allowance (33,090,509) (36,118,342) Provision delay (10,666,251) (9,999,242) Provision aggravated (9,514,097) (10,024,498) Provision potential (12,910,161) (16,094,602) (1) The allowance for loan losses related to the lease portfolio amounts to: R$ (273,386) (R$ (356,297) at 06/30/2018); (2) Operations with overdue installments for more than 14 days or under responsibility of administrators or companies in the process of declaring bankruptcy; (3) For operations not covered in the previous item due to the classification of the client or operation; (4) Provision for financial guarantees provided, recorded in Other liabilities - Sundry, in the Consolidated Balance Sheet. At 06/30/2019, the balance of the allowance in relation to the loan portfolio is equivalent to 6.0% (7.0% at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 91

d) Renegotiation of credits 06/30/2019 06/30/2018 Allowance for Allowance for (1) (1) % % Portfolio Portfolio Loan Losses Loan Losses Total renegotiated loans 26,949,599 (10,559,586) 39.2% 27,457,500 (10,958,849) 39.9% (2) (11,362,857) 3,024,370 26.6% (9,946,871) 2,321,790 23.3% (-) Renegotiated loans overdue up to 30 days (2) 15,586,742 (7,535,216) 48.3% 17,510,629 (8,637,059) 49.3% Renegotiated loans overdue over 30 days (1) The amounts related to renegotiated loans up to 30 days of the Lease Portfolio are: R$ 107,933 (R$ 125,951 at 06/30/2018); (2) Delays determined upon renegotiation. e) Restricted operations on assets See below the information related to the restricted operations involving assets, in accordance with CMN Resolution nº. 2,921, of January 17, 2002. 01/01 to 01/01 to 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Over 365 Income Income 31 - 180 181 - 365 Total Total days (expenses) (expenses) Restricted operations on assets Loan operations 135,518 - 8,357,145 8,492,663 9,635,919 83,751 848,038 Liabilities - restricted operations on assets 135,518 808,853 8,354,393 9,298,764 9,537,067 (54,307) (855,542) Foreign borrowing through securities Net revenue from restricted operations 29,444 (7,504) At 06/30/2019 and 06/30/2018 there were no balances in default. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 92 d) Renegotiation of credits 06/30/2019 06/30/2018 Allowance for Allowance for (1) (1) % % Portfolio Portfolio Loan Losses Loan Losses Total renegotiated loans 26,949,599 (10,559,586) 39.2% 27,457,500 (10,958,849) 39.9% (2) (11,362,857) 3,024,370 26.6% (9,946,871) 2,321,790 23.3% (-) Renegotiated loans overdue up to 30 days (2) 15,586,742 (7,535,216) 48.3% 17,510,629 (8,637,059) 49.3% Renegotiated loans overdue over 30 days (1) The amounts related to renegotiated loans up to 30 days of the Lease Portfolio are: R$ 107,933 (R$ 125,951 at 06/30/2018); (2) Delays determined upon renegotiation. e) Restricted operations on assets See below the information related to the restricted operations involving assets, in accordance with CMN Resolution nº. 2,921, of January 17, 2002. 01/01 to 01/01 to 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Over 365 Income Income 31 - 180 181 - 365 Total Total days (expenses) (expenses) Restricted operations on assets Loan operations 135,518 - 8,357,145 8,492,663 9,635,919 83,751 848,038 Liabilities - restricted operations on assets 135,518 808,853 8,354,393 9,298,764 9,537,067 (54,307) (855,542) Foreign borrowing through securities Net revenue from restricted operations 29,444 (7,504) At 06/30/2019 and 06/30/2018 there were no balances in default. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 92

f) Operations of sale or transfers and acquisition of financial assets ITAÚ UNIBANCO HOLDING CONSOLIDATED carried out operations of sale or transfer of financial assets in which there was retention of credit risks of financial assets transferred through co-obligation covenants. Thus, such credits continued recorded in the Consolidated Balance Sheet and are represented as follows: 06/30/2019 06/30/2018 (1) (1) Assets Assets Liabilities Liabilities Nature of operation Book value Fair value Book value Fair value Book value Fair value Book value Fair value Mortgage Loan 1,634,487 1,662,840 1,627,976 1,656,329 2,103,033 2,018,831 2,096,250 2,012,048 Working capital 1,789,731 1,789,731 1,754,909 1,754,909 2,505,204 2,505,204 2,437,154 2,437,154 (2) Other - - 2,541 2,541 - - 5,154 5,154 Total 3,424,218 3,452,571 3,385,426 3,413,779 4,608,237 4,524,035 4,538,558 4,454,356 (1) Under Other sundry liabilities; (2) Assignment of operations that had already been written down to losses. Operations of transfers of financial assets with no retention of risks and benefits generated impact on the result of R$ 53,473 in the period from January 1 to June 30, 2019 (R$ 12,291 from January 1 to June 30, 2018), net of the Allowance for Loan Losses. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 93 f) Operations of sale or transfers and acquisition of financial assets ITAÚ UNIBANCO HOLDING CONSOLIDATED carried out operations of sale or transfer of financial assets in which there was retention of credit risks of financial assets transferred through co-obligation covenants. Thus, such credits continued recorded in the Consolidated Balance Sheet and are represented as follows: 06/30/2019 06/30/2018 (1) (1) Assets Assets Liabilities Liabilities Nature of operation Book value Fair value Book value Fair value Book value Fair value Book value Fair value Mortgage Loan 1,634,487 1,662,840 1,627,976 1,656,329 2,103,033 2,018,831 2,096,250 2,012,048 Working capital 1,789,731 1,789,731 1,754,909 1,754,909 2,505,204 2,505,204 2,437,154 2,437,154 (2) Other - - 2,541 2,541 - - 5,154 5,154 Total 3,424,218 3,452,571 3,385,426 3,413,779 4,608,237 4,524,035 4,538,558 4,454,356 (1) Under Other sundry liabilities; (2) Assignment of operations that had already been written down to losses. Operations of transfers of financial assets with no retention of risks and benefits generated impact on the result of R$ 53,473 in the period from January 1 to June 30, 2019 (R$ 12,291 from January 1 to June 30, 2018), net of the Allowance for Loan Losses. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 93

Note 7 – Funding, borrowing and onlending a) Summary 06/30/2019 06/30/2018 0-30 31-180 181-365 Over 365 days Total Total Deposits 269,451,859 31,053,912 15,320,224 147,433,094 463,259,089 426,595,425 Deposits received under securities repurchase agreements 258,677,365 4,660,787 2,624,746 50,580,233 316,543,131 315,553,902 Funds from acceptance and issuance of securities 6,915,048 22,698,139 30,211,782 65,511,217 125,336,186 115,008,431 Borrowing and onlending 12,164,533 21,583,830 22,783,273 16,256,583 72,788,219 61,872,480 Subordinated debt 12,710 11,550 3,928,091 48,015,537 51,967,888 53,925,330 Total 547,221,515 80,008,218 74,868,116 327,796,664 1,029,894,513 972,955,568 % per maturity term 53.1 7.8 7.3 31.8 100.0 Total – 06/30/2018 453,789,813 95,123,743 65,581,303 358,460,709 972,955,568 % per maturity term 46.7 9.8 6.7 36.8 100.0 b) Deposits 06/30/2019 06/30/2018 0-30 31-180 181-365 Over 365 days Total Total 196,096,272 31,053,912 15,320,224 147,433,094 389,903,502 355,946,909 Interest-bearing deposits Time deposits 57,841,194 30,819,643 14,655,258 147,204,869 250,520,964 225,762,188 Savings accounts 137,568,103 - - - 137,568,103 127,341,701 Interbank 686,975 234,269 664,966 228,225 1,814,435 2,843,020 Non-interest bearing deposits 73,355,587 - - - 73,355,587 70,648,516 Demand deposits 73,352,489 - - - 73,352,489 70,645,868 Other deposits 3,098 - - - 3,098 2,648 Total 269,451,859 31,053,912 15,320,224 147,433,094 463,259,089 426,595,425 % per maturity term 58.2 6.7 3.3 31.8 100.0 Total – 06/30/2018 226,914,326 35,683,256 21,228,034 142,769,809 426,595,425 53.1 8.4 5.0 33.5 100.0 % per maturity term In ITAÚ UNIBANCO HOLDING, the portfolio is composed of Interbank Deposits with maturity within 31 to 180 days (R$ 5,853,095 at 06/30/2018) and over 365 days (R$ 7,509,763 at 06/30/2018), totaling (R$ 13,362,858 at 06/30/2018) and Demand deposits with maturity within 0 to 30 days amouting to R$ 4,538,612 (R$ 13,510,406 at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 94 Note 7 – Funding, borrowing and onlending a) Summary 06/30/2019 06/30/2018 0-30 31-180 181-365 Over 365 days Total Total Deposits 269,451,859 31,053,912 15,320,224 147,433,094 463,259,089 426,595,425 Deposits received under securities repurchase agreements 258,677,365 4,660,787 2,624,746 50,580,233 316,543,131 315,553,902 Funds from acceptance and issuance of securities 6,915,048 22,698,139 30,211,782 65,511,217 125,336,186 115,008,431 Borrowing and onlending 12,164,533 21,583,830 22,783,273 16,256,583 72,788,219 61,872,480 Subordinated debt 12,710 11,550 3,928,091 48,015,537 51,967,888 53,925,330 Total 547,221,515 80,008,218 74,868,116 327,796,664 1,029,894,513 972,955,568 % per maturity term 53.1 7.8 7.3 31.8 100.0 Total – 06/30/2018 453,789,813 95,123,743 65,581,303 358,460,709 972,955,568 % per maturity term 46.7 9.8 6.7 36.8 100.0 b) Deposits 06/30/2019 06/30/2018 0-30 31-180 181-365 Over 365 days Total Total 196,096,272 31,053,912 15,320,224 147,433,094 389,903,502 355,946,909 Interest-bearing deposits Time deposits 57,841,194 30,819,643 14,655,258 147,204,869 250,520,964 225,762,188 Savings accounts 137,568,103 - - - 137,568,103 127,341,701 Interbank 686,975 234,269 664,966 228,225 1,814,435 2,843,020 Non-interest bearing deposits 73,355,587 - - - 73,355,587 70,648,516 Demand deposits 73,352,489 - - - 73,352,489 70,645,868 Other deposits 3,098 - - - 3,098 2,648 Total 269,451,859 31,053,912 15,320,224 147,433,094 463,259,089 426,595,425 % per maturity term 58.2 6.7 3.3 31.8 100.0 Total – 06/30/2018 226,914,326 35,683,256 21,228,034 142,769,809 426,595,425 53.1 8.4 5.0 33.5 100.0 % per maturity term In ITAÚ UNIBANCO HOLDING, the portfolio is composed of Interbank Deposits with maturity within 31 to 180 days (R$ 5,853,095 at 06/30/2018) and over 365 days (R$ 7,509,763 at 06/30/2018), totaling (R$ 13,362,858 at 06/30/2018) and Demand deposits with maturity within 0 to 30 days amouting to R$ 4,538,612 (R$ 13,510,406 at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 94

c) Deposits received under securities repurchase agreements 06/30/2019 06/30/2018 Over 365 0 - 30 31 - 180 181 - 365 Total Total days 45,481,068 3,179,965 2,313,842 4,371,163 55,346,038 87,284,953 Own portfolio Government securities 33,520,846 - 4,569 - 33,525,415 45,084,493 Corporate Securities 9,975,949 - - - 9,975,949 6,448,583 1,486,037 3,100,642 1,719,864 4,119,750 10,426,293 35,391,793 Own issue Foreign 498,236 79,323 589,409 251,413 1,418,381 360,084 205,004,708 - - - 205,004,708 155,282,912 Third-party portfolio 8,191,589 1,480,822 310,904 46,209,070 56,192,385 72,986,037 Free portfolio Total 258,677,365 4,660,787 2,624,746 50,580,233 316,543,131 315,553,902 % per maturity term 81.7 1.5 0.8 16.0 100.0 Total – 06/30/2018 215,280,308 11,339,012 14,853,486 74,081,096 315,553,902 % per maturity term 68.2 3.6 4.7 23.5 100.0 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 95 c) Deposits received under securities repurchase agreements 06/30/2019 06/30/2018 Over 365 0 - 30 31 - 180 181 - 365 Total Total days 45,481,068 3,179,965 2,313,842 4,371,163 55,346,038 87,284,953 Own portfolio Government securities 33,520,846 - 4,569 - 33,525,415 45,084,493 Corporate Securities 9,975,949 - - - 9,975,949 6,448,583 1,486,037 3,100,642 1,719,864 4,119,750 10,426,293 35,391,793 Own issue Foreign 498,236 79,323 589,409 251,413 1,418,381 360,084 205,004,708 - - - 205,004,708 155,282,912 Third-party portfolio 8,191,589 1,480,822 310,904 46,209,070 56,192,385 72,986,037 Free portfolio Total 258,677,365 4,660,787 2,624,746 50,580,233 316,543,131 315,553,902 % per maturity term 81.7 1.5 0.8 16.0 100.0 Total – 06/30/2018 215,280,308 11,339,012 14,853,486 74,081,096 315,553,902 % per maturity term 68.2 3.6 4.7 23.5 100.0 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 95

d) Funds from acceptance and issuance of securities 06/30/2019 06/30/2018 0-30 31-180 181-365 Over 365 days Total Total 4,993,481 11,909,281 26,094,843 34,433,585 77,431,190 67,147,113 Real estate, mortgage, credit and similar notes Bills of financial 2,330,367 1,638,502 14,599,124 25,890,832 44,458,825 34,855,585 Bills of real estate 1,453,565 5,486,273 2,851,401 805,184 10,596,423 14,830,329 1,209,549 4,784,506 8,644,318 6,120,490 20,758,863 17,461,199 Bills of credit related to agribusiness - - - 1,617,079 1,617,079 - Mortgage notes 1,918,309 10,510,861 3,883,021 30,200,415 46,512,606 43,468,269 Non-trade related – issued abroad Brazil risk note programme 5,501 147,739 689,981 4,120,086 4,963,307 2,697,859 Structure note issued 68,625 836,010 816,545 3,786,301 5,507,481 5,833,140 - 9,275,029 2,349,875 16,388,225 28,013,129 26,906,180 Bonds - - - 4,933,205 4,933,205 4,923,257 Fixed rate notes Eurobonds 38,325 107,573 - 11,738 157,636 11,763 Mortgage notes 5,121 8,271 26,620 213,556 253,568 338,475 Other 1,800,737 136,239 - 747,304 2,684,280 2,757,595 (*) Structured Operations Certificates 3,258 277,997 233,918 877,217 1,392,390 4,393,049 Total 6,915,048 22,698,139 30,211,782 65,511,217 125,336,186 115,008,431 % per maturity term 5.5 18.1 24.1 52.3 100.0 5,925,540 23,721,309 14,738,530 70,623,052 115,008,431 Total – 06/30/2018 5.2 20.6 12.8 61.4 100.0 % per maturity term (*) As of 06/30/2019, the market value of the funding from Structured Operations Certificates issued is R$ 1,491,240 (R$ 4,546,092 at 06/30/2018). ITAÚ UNIBANCO HOLDING’s portfolio is composed of Fixed Rate Notes with maturities over 365 days amount to R$ 1,550 and Brazil Risk Note Programme with maturities of 31 days to 180 days (R$ 31,420 at 06/30/2018) and over 365 days amount (R$ 77,070 at 06/30/2018), totaling R$ 1,550 (R$ 108,490 at 06/30/2018). Guaranteed Real Estate Notes Guaranteed Real Estate Notes (LIGs) are registered credit securities, transferrable and free trade, guaranteed by asset portfolio of the issuer itself, submitted to the fiduciary system. The “Instrument of LIG Issue”, which details the conditions of LIG transactions, is available on the website www.itau.com.br/relacoes-com- investidores , section Menu / Relatórios / Letra Imobiliária Garantida (LIG). I – Breakdown of Asset Portfolio The credit portfolio linked to LIGs corresponds to 0.11% of ITAÚ UNIBANCO HOLDING CONSOLIDATED’s total assets. Its composition is presented in the table below. Further details are available in the Statement of Asset Portfolio – SAP, in section Menu / Relatórios / Letra Imobiliária Garantida (LIG). 06/30/2019 Real state loans 1,492,243 Government securities - Brazil 294,949 Total asset portfolio 1,787,192 Total adjusted asset portfolio 1,716,398 Liabilities for issue of LIGs 1,617,079 Remuneration of the Fiduciary Agent 143 II - Requirements of asset portfolio 06/30/2019 Breakdown 86.9% Sufficiency Notional amount 106.1% Present value under stress 104.9% Weighted average term Of the asset portfolio 39.9 monthly Of outstandings LIGs 30.9 monthly Liquidity Net assets 294,949 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 96 d) Funds from acceptance and issuance of securities 06/30/2019 06/30/2018 0-30 31-180 181-365 Over 365 days Total Total 4,993,481 11,909,281 26,094,843 34,433,585 77,431,190 67,147,113 Real estate, mortgage, credit and similar notes Bills of financial 2,330,367 1,638,502 14,599,124 25,890,832 44,458,825 34,855,585 Bills of real estate 1,453,565 5,486,273 2,851,401 805,184 10,596,423 14,830,329 1,209,549 4,784,506 8,644,318 6,120,490 20,758,863 17,461,199 Bills of credit related to agribusiness - - - 1,617,079 1,617,079 - Mortgage notes 1,918,309 10,510,861 3,883,021 30,200,415 46,512,606 43,468,269 Non-trade related – issued abroad Brazil risk note programme 5,501 147,739 689,981 4,120,086 4,963,307 2,697,859 Structure note issued 68,625 836,010 816,545 3,786,301 5,507,481 5,833,140 - 9,275,029 2,349,875 16,388,225 28,013,129 26,906,180 Bonds - - - 4,933,205 4,933,205 4,923,257 Fixed rate notes Eurobonds 38,325 107,573 - 11,738 157,636 11,763 Mortgage notes 5,121 8,271 26,620 213,556 253,568 338,475 Other 1,800,737 136,239 - 747,304 2,684,280 2,757,595 (*) Structured Operations Certificates 3,258 277,997 233,918 877,217 1,392,390 4,393,049 Total 6,915,048 22,698,139 30,211,782 65,511,217 125,336,186 115,008,431 % per maturity term 5.5 18.1 24.1 52.3 100.0 5,925,540 23,721,309 14,738,530 70,623,052 115,008,431 Total – 06/30/2018 5.2 20.6 12.8 61.4 100.0 % per maturity term (*) As of 06/30/2019, the market value of the funding from Structured Operations Certificates issued is R$ 1,491,240 (R$ 4,546,092 at 06/30/2018). ITAÚ UNIBANCO HOLDING’s portfolio is composed of Fixed Rate Notes with maturities over 365 days amount to R$ 1,550 and Brazil Risk Note Programme with maturities of 31 days to 180 days (R$ 31,420 at 06/30/2018) and over 365 days amount (R$ 77,070 at 06/30/2018), totaling R$ 1,550 (R$ 108,490 at 06/30/2018). Guaranteed Real Estate Notes Guaranteed Real Estate Notes (LIGs) are registered credit securities, transferrable and free trade, guaranteed by asset portfolio of the issuer itself, submitted to the fiduciary system. The “Instrument of LIG Issue”, which details the conditions of LIG transactions, is available on the website www.itau.com.br/relacoes-com- investidores , section Menu / Relatórios / Letra Imobiliária Garantida (LIG). I – Breakdown of Asset Portfolio The credit portfolio linked to LIGs corresponds to 0.11% of ITAÚ UNIBANCO HOLDING CONSOLIDATED’s total assets. Its composition is presented in the table below. Further details are available in the Statement of Asset Portfolio – SAP, in section Menu / Relatórios / Letra Imobiliária Garantida (LIG). 06/30/2019 Real state loans 1,492,243 Government securities - Brazil 294,949 Total asset portfolio 1,787,192 Total adjusted asset portfolio 1,716,398 Liabilities for issue of LIGs 1,617,079 Remuneration of the Fiduciary Agent 143 II - Requirements of asset portfolio 06/30/2019 Breakdown 86.9% Sufficiency Notional amount 106.1% Present value under stress 104.9% Weighted average term Of the asset portfolio 39.9 monthly Of outstandings LIGs 30.9 monthly Liquidity Net assets 294,949 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 96

e) Borrowing and onlending 06/30/2019 06/30/2018 0-30 31-180 181-365 Over 365 days Total Total Borrowing 9,142,477 20,072,354 21,476,585 7,482,284 58,173,700 41,651,708 Domestic 2,797,908 - - 1,664 2,799,572 1,159,547 (*) Foreign 6,344,569 20,072,354 21,476,585 7,480,620 55,374,128 40,492,161 Onlending - Domestic – official institutions 3,022,056 1,511,476 1,306,688 8,774,299 14,614,519 20,220,772 BNDES 132,827 794,377 624,589 5,355,155 6,906,948 9,405,148 FINAME 2,885,122 635,640 654,133 2,927,146 7,102,041 10,269,587 Other 4,107 81,459 27,966 491,998 605,530 546,037 Total 12,164,533 21,583,830 22,783,273 16,256,583 72,788,219 61,872,480 % per maturity term 16.7 29.7 31.3 22.3 100.0 Total – 06/30/2018 5,452,463 19,842,257 14,444,124 22,133,636 61,872,480 % per maturity term 8.8 32.1 23.3 35.8 100.0 (*) Foreign borrowing are basically represented by foreign exchange transactions related to export pre-financing and import financing. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 97 e) Borrowing and onlending 06/30/2019 06/30/2018 0-30 31-180 181-365 Over 365 days Total Total Borrowing 9,142,477 20,072,354 21,476,585 7,482,284 58,173,700 41,651,708 Domestic 2,797,908 - - 1,664 2,799,572 1,159,547 (*) Foreign 6,344,569 20,072,354 21,476,585 7,480,620 55,374,128 40,492,161 Onlending - Domestic – official institutions 3,022,056 1,511,476 1,306,688 8,774,299 14,614,519 20,220,772 BNDES 132,827 794,377 624,589 5,355,155 6,906,948 9,405,148 FINAME 2,885,122 635,640 654,133 2,927,146 7,102,041 10,269,587 Other 4,107 81,459 27,966 491,998 605,530 546,037 Total 12,164,533 21,583,830 22,783,273 16,256,583 72,788,219 61,872,480 % per maturity term 16.7 29.7 31.3 22.3 100.0 Total – 06/30/2018 5,452,463 19,842,257 14,444,124 22,133,636 61,872,480 % per maturity term 8.8 32.1 23.3 35.8 100.0 (*) Foreign borrowing are basically represented by foreign exchange transactions related to export pre-financing and import financing. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 97

f) Subordinated debt, including perpetual ones 06/30/2019 06/30/2018 0-30 31-180 181-365 Over 365 Total Total Financial treasury bills 12,710 11,550 49,026 4,864,354 days 4,937,640 9,433,300 Euronotes - - 3,880,997 26,448,140 30,329,137 30,593,657 (-) Transaction costs incurred (Note 3b) - - ( 1,932) (28,608) (30,540) (43,189) Bonds - - - 5,963,015 5,963,015 6,277,757 Debt instruments eligible as capital - - - 10,768,636 10,768,636 7,663,805 Grand total 12,710 11,550 3,928,091 48,015,537 51,967,888 53,925,330 % per maturity term 0.0 0.0 7.6 92.4 100.0 Total – 06/30/2018 217,176 4,537,909 317,129 48,853,116 53,925,330 % per maturity term 0.4 8.4 0.6 90.6 100.0 ITAÚ UNIBANCO HOLDING’s portfolio is composed of Subordinated Euronotes with maturities 181 to 365 days amounting to R$ 3,879,065 and over 365 days amounting to R$ 26,500,120 totaling R$ 30,379,185 (R$ 30,551,819 at 06/30/2018) and Debt Instruments Eligible as Capital with maturities over 365 days amounting to R$ 10,768,636 (R$ 7,663,805 at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 98 f) Subordinated debt, including perpetual ones 06/30/2019 06/30/2018 0-30 31-180 181-365 Over 365 Total Total Financial treasury bills 12,710 11,550 49,026 4,864,354 days 4,937,640 9,433,300 Euronotes - - 3,880,997 26,448,140 30,329,137 30,593,657 (-) Transaction costs incurred (Note 3b) - - ( 1,932) (28,608) (30,540) (43,189) Bonds - - - 5,963,015 5,963,015 6,277,757 Debt instruments eligible as capital - - - 10,768,636 10,768,636 7,663,805 Grand total 12,710 11,550 3,928,091 48,015,537 51,967,888 53,925,330 % per maturity term 0.0 0.0 7.6 92.4 100.0 Total – 06/30/2018 217,176 4,537,909 317,129 48,853,116 53,925,330 % per maturity term 0.4 8.4 0.6 90.6 100.0 ITAÚ UNIBANCO HOLDING’s portfolio is composed of Subordinated Euronotes with maturities 181 to 365 days amounting to R$ 3,879,065 and over 365 days amounting to R$ 26,500,120 totaling R$ 30,379,185 (R$ 30,551,819 at 06/30/2018) and Debt Instruments Eligible as Capital with maturities over 365 days amounting to R$ 10,768,636 (R$ 7,663,805 at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 98

Description Principal amount Name of security / currency Issue Maturity Return p.a. Account balance (original Subordinated financial bills - BRL (*) 2,000 2011 2019 109% to 109.7% of CDI 4,406 9,500 2012 2019 IPCA + 4.7% to 5.14% 19,854 1,000 2020 111% of CDI 2,182 20,000 IPCA + 6% to 6.17% 46,845 6,000 2011 2021 109.25% to 110.5% of CDI 13,603 2,306,500 2012 2022 IPCA + 5.15% to 5.83% 4,820,460 20,000 IGPM + 4.63% 30,290 Total 4,937,640 (*) Subordinated euronotes - USD 1,000,000 2010 2020 6.2% 3,879,064 1,000,000 2021 5.75% 3,946,285 750,000 2011 2021 5.75% to 6.2% 2,875,601 550,000 2012 2021 6.2% 2,107,710 2,625,000 2022 5.5% to 5.65% 10,220,754 1,870,000 2023 5.13% 7,178,987 20,000 2017 6.12% 76,892 10,000 2018 6.5% 13,304 Total 30,298,597 Subordinated bonds - CLP 27,775,680 1997 2022 7.45% to 8.30% 93,633 177,559,956 2008 2033 3.50% to 4.92% 1,149,471 97,962,123 2009 2035 4.75% 846,634 1,060,249,500 2010 2032 4.35% 82,181 1,060,249,500 2035 3.90% to 3.96% 189,110 1,060,249,500 2036 4.48% 902,689 1,060,249,500 2038 3.9% 655,525 1,060,249,500 2040 4.15% to 4.29% 504,754 1,060,249,500 2042 4.45% 246,111 46,625,140 2014 2034 3.8% 320,955 Total 4,991,063 Subordinated bonds - COP 104,000 2013 2023 IPC + 2% 125,847 146,000 2028 IPC + 2% 180,978 510,107 2014 2024 LIB 665,127 Total 971,952 Debt instruments eligible as capital - USD 1,230,000 2017 Perpetual 6.12% 4,728,843 740,000 2018 Perpetual 6.5% 2,888,054 Total 7,616,897 Debt instruments eligible as capital - BRL 2,125,100 2019 Perpetual 114% of SELIC 2,194,954 924,900 SELIC + 1.17% to 1.19% 956,785 Total 3,151,739 Total 51,967,888 (*) Referential Equity at June 30, 2019 has subordinate debts approved by BACEN prior to CMN Resolution 4,192, of March 1, 2013, in the amount of R$ 34,914,866. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 99 Description Principal amount Name of security / currency Issue Maturity Return p.a. Account balance (original Subordinated financial bills - BRL (*) 2,000 2011 2019 109% to 109.7% of CDI 4,406 9,500 2012 2019 IPCA + 4.7% to 5.14% 19,854 1,000 2020 111% of CDI 2,182 20,000 IPCA + 6% to 6.17% 46,845 6,000 2011 2021 109.25% to 110.5% of CDI 13,603 2,306,500 2012 2022 IPCA + 5.15% to 5.83% 4,820,460 20,000 IGPM + 4.63% 30,290 Total 4,937,640 (*) Subordinated euronotes - USD 1,000,000 2010 2020 6.2% 3,879,064 1,000,000 2021 5.75% 3,946,285 750,000 2011 2021 5.75% to 6.2% 2,875,601 550,000 2012 2021 6.2% 2,107,710 2,625,000 2022 5.5% to 5.65% 10,220,754 1,870,000 2023 5.13% 7,178,987 20,000 2017 6.12% 76,892 10,000 2018 6.5% 13,304 Total 30,298,597 Subordinated bonds - CLP 27,775,680 1997 2022 7.45% to 8.30% 93,633 177,559,956 2008 2033 3.50% to 4.92% 1,149,471 97,962,123 2009 2035 4.75% 846,634 1,060,249,500 2010 2032 4.35% 82,181 1,060,249,500 2035 3.90% to 3.96% 189,110 1,060,249,500 2036 4.48% 902,689 1,060,249,500 2038 3.9% 655,525 1,060,249,500 2040 4.15% to 4.29% 504,754 1,060,249,500 2042 4.45% 246,111 46,625,140 2014 2034 3.8% 320,955 Total 4,991,063 Subordinated bonds - COP 104,000 2013 2023 IPC + 2% 125,847 146,000 2028 IPC + 2% 180,978 510,107 2014 2024 LIB 665,127 Total 971,952 Debt instruments eligible as capital - USD 1,230,000 2017 Perpetual 6.12% 4,728,843 740,000 2018 Perpetual 6.5% 2,888,054 Total 7,616,897 Debt instruments eligible as capital - BRL 2,125,100 2019 Perpetual 114% of SELIC 2,194,954 924,900 SELIC + 1.17% to 1.19% 956,785 Total 3,151,739 Total 51,967,888 (*) Referential Equity at June 30, 2019 has subordinate debts approved by BACEN prior to CMN Resolution 4,192, of March 1, 2013, in the amount of R$ 34,914,866. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 99

Note 8 - Insurance, private pension plan and capitalization operations In ITAÚ UNIBANCO HOLDING CONSOLIDATED, insurance premiums, accepted coinsurances and selling expenses are accounted for by issuing an insurance policy or in accordance with the insurance effectiveness term, through the recognition and reversal of the provision for unearned premiums and deferred selling expenses. Interest arising from insurance premiums installments is accounted for as incurred. Revenues from social security contributions, gross revenue from premium bonds and respective technical provisions are recognized upon receipt. The technical provisions aim at reducing risks involved in insurance contracts, private pension plans and capitalization, and are recognized according to the technical notes approved by SUSEP. I - Insurance and private pension plan: · Provision for unearned premiums (PPNG) – this provision is recognized, based on insurance premiums, for the coverage of amounts payable related to claims and expenses to be incurred. In the calculation, term to maturity of risks assumed and issued and risks in effect but not issued (PPNG- RVNE) in the policies or endorsements of contracts in force are considered, on a pro rata-die basis; · Provision for unsettled claims (PSL) - this provision is recognized for the coverage of expected amounts related reported and unpaid claims, including administrative and judicial claims. It includes amounts related to indemnities, reserve funds and income past-due, all gross of reinsurance operations and net of coinsurance operations. When required, it should contemplate IBNER (claims incurred but not sufficiently reported) adjustments for the aggregate development of claims reported but not paid, which mounts may be changed throughout the process up to final settlement; · Provision for claims incurred and not reported (IBNR) - this provision is recognized for the coverage of expected unsettled amounts related to claims incurred but not reported up to the calculation base date, including administrative and judicial claims. It includes amounts related to indemnities, reserve funds and income, all gross of reinsurance operations and net of coinsurance operations; · Mathematical provisions for benefits to be granted (PMBAC) - recognized for the coverage of commitments assumed to participants or policyholders, based on the assumptions set forth in the contract, while the event that gave rise to the benefit and/or indemnity has not occurred; · Mathematical provisions for granted benefits (PMBC) - recognized for the coverage of commitments to payment of indemnities and/or benefits assumed with participants or insured parties, based on the assumptions established in the agreement, after the event has occurred; · Provision for financial surplus (PEF) - it is recognized to ensure the amounts intended for distribution of financial surplus, if the event is stated in the agreement. Corresponds to the financial income exceeding the minimum return guaranteed in the product; · Supplemental Coverage Reserve (PCC) - recognized when technical reserves are found to be insufficient, as shown by the Liability Adequacy Test, which follows specific provisions in the prevailing regulation; · Provision for redemptions and other amounts to be regularize (PVR) - this provision is recognized for the coverage of amounts related to redemptions to regularize, returns on premiums or funds, transfers requested but, for any reason, not yet transferred to the insurance company or open private pension entity beneficiary, and where premiums have been received but not quoted; · Provision for related expenses (PDR) - recognized for the coverage of expected amounts related to expenses on benefits and indemnities, due to events which have occurred and will occur. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 100 Note 8 - Insurance, private pension plan and capitalization operations In ITAÚ UNIBANCO HOLDING CONSOLIDATED, insurance premiums, accepted coinsurances and selling expenses are accounted for by issuing an insurance policy or in accordance with the insurance effectiveness term, through the recognition and reversal of the provision for unearned premiums and deferred selling expenses. Interest arising from insurance premiums installments is accounted for as incurred. Revenues from social security contributions, gross revenue from premium bonds and respective technical provisions are recognized upon receipt. The technical provisions aim at reducing risks involved in insurance contracts, private pension plans and capitalization, and are recognized according to the technical notes approved by SUSEP. I - Insurance and private pension plan: · Provision for unearned premiums (PPNG) – this provision is recognized, based on insurance premiums, for the coverage of amounts payable related to claims and expenses to be incurred. In the calculation, term to maturity of risks assumed and issued and risks in effect but not issued (PPNG- RVNE) in the policies or endorsements of contracts in force are considered, on a pro rata-die basis; · Provision for unsettled claims (PSL) - this provision is recognized for the coverage of expected amounts related reported and unpaid claims, including administrative and judicial claims. It includes amounts related to indemnities, reserve funds and income past-due, all gross of reinsurance operations and net of coinsurance operations. When required, it should contemplate IBNER (claims incurred but not sufficiently reported) adjustments for the aggregate development of claims reported but not paid, which mounts may be changed throughout the process up to final settlement; · Provision for claims incurred and not reported (IBNR) - this provision is recognized for the coverage of expected unsettled amounts related to claims incurred but not reported up to the calculation base date, including administrative and judicial claims. It includes amounts related to indemnities, reserve funds and income, all gross of reinsurance operations and net of coinsurance operations; · Mathematical provisions for benefits to be granted (PMBAC) - recognized for the coverage of commitments assumed to participants or policyholders, based on the assumptions set forth in the contract, while the event that gave rise to the benefit and/or indemnity has not occurred; · Mathematical provisions for granted benefits (PMBC) - recognized for the coverage of commitments to payment of indemnities and/or benefits assumed with participants or insured parties, based on the assumptions established in the agreement, after the event has occurred; · Provision for financial surplus (PEF) - it is recognized to ensure the amounts intended for distribution of financial surplus, if the event is stated in the agreement. Corresponds to the financial income exceeding the minimum return guaranteed in the product; · Supplemental Coverage Reserve (PCC) - recognized when technical reserves are found to be insufficient, as shown by the Liability Adequacy Test, which follows specific provisions in the prevailing regulation; · Provision for redemptions and other amounts to be regularize (PVR) - this provision is recognized for the coverage of amounts related to redemptions to regularize, returns on premiums or funds, transfers requested but, for any reason, not yet transferred to the insurance company or open private pension entity beneficiary, and where premiums have been received but not quoted; · Provision for related expenses (PDR) - recognized for the coverage of expected amounts related to expenses on benefits and indemnities, due to events which have occurred and will occur. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 100

II - Capitalization: · Mathematical provision for capitalization (PMC) - recognized until the event triggering the benefit occurs, and comprised of the portion of the amounts collected for capitalization; · Provision for redemption (PR) - recognized from the date of the event triggering the redemption of the certificate and/or the event triggering the distribution of the bonus until the date of financial settlement, or the date on which the evidence of payment of the obligation is received; · Provision for raffles unrealized (PSR) - recognized for each bond which raffles were funded, but that, on the recognition date, had not been realized yet; · Provision for raffles payable (PSP) - recognized from the date when the raffle is drawn until the date of financial settlement, or the date when the evidence of payment of the obligation is received; · Supplementary provision for raffles (PCS) - recognized to supplement the provision for raffles unrealized. Used for coverage of possible shortfall related to the expected amount of raffles to be drawn; · Provision for administrative expenses (PDA) - recognized for the coverage of the expected amounts of administrative expenses for the capitalization plans. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 101 II - Capitalization: · Mathematical provision for capitalization (PMC) - recognized until the event triggering the benefit occurs, and comprised of the portion of the amounts collected for capitalization; · Provision for redemption (PR) - recognized from the date of the event triggering the redemption of the certificate and/or the event triggering the distribution of the bonus until the date of financial settlement, or the date on which the evidence of payment of the obligation is received; · Provision for raffles unrealized (PSR) - recognized for each bond which raffles were funded, but that, on the recognition date, had not been realized yet; · Provision for raffles payable (PSP) - recognized from the date when the raffle is drawn until the date of financial settlement, or the date when the evidence of payment of the obligation is received; · Supplementary provision for raffles (PCS) - recognized to supplement the provision for raffles unrealized. Used for coverage of possible shortfall related to the expected amount of raffles to be drawn; · Provision for administrative expenses (PDA) - recognized for the coverage of the expected amounts of administrative expenses for the capitalization plans. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 101

a) Composition of the technical provisions Insurance Pension plan Capitalization Total 06/30/2019 06/30/2018 06/30/2019 06/30/2018 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Unearned premiums (PPNG) 2,285,523 1,993,421 12,499 13,885 - - 2,298,022 2,007,306 Mathematical provision of benefits to be granted (PMBAC) and benefits granted (PMBC) 201,955 189,427 203,477,479 184,036,424 - - 203,679,434 184,225,851 Redemptions and other unsettled amounts (PVR) 13,048 11,791 319,971 300,084 - - 333,019 311,875 Financial surplus (PEF) 1,903 1,877 602,834 588,854 - - 604,737 590,731 Unsettled claims (PSL) 517,028 545,894 46,870 43,820 - - 563,898 589,714 Claims / events incurred but not reported (IBNR) 376,091 352,322 24,241 25,759 - - 400,332 378,081 Administrative (PDA) and related expenses (PDR) 30,369 27,742 105,206 99,408 5,220 9,397 140,795 136,547 Mathematical provision for capitalization (PMC) and redemption (PR) - - - - 3,493,736 3,309,479 3,493,736 3,309,479 Raffles payable (PSP) unrealized (PSR) - - - - 13,269 16,665 13,269 16,665 Other provisions 135,937 133,804 242,080 64,286 178 202 378,195 198,292 Total technical provisions (a) 3,561,854 3,256,278 204,831,180 185,172,520 3,512,403 3,335,743 211,905,437 191,764,541 b) Assets guaranteeing technical provisions Insurance Pension plan Capitalization Total 06/30/2019 06/30/2018 06/30/2019 06/30/2018 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Interbank investments – money market 454,873 837,561 747,560 806,111 1,058,126 1,827,637 2,260,559 3,471,309 2,157,822 1,679,840 205,920,881 185,448,482 2,658,928 1,672,349 210,737,631 188,800,671 Securities and derivative financial instruments (1) PGBL / VGBL fund quotas - - 195,920,688 176,994,586 - - 195,920,688 176,994,586 Government securities - domestic - - 166,267,799 155,027,584 - - 166,267,799 155,027,584 National treasury bills, Financial treasury bills and National treasury notes - - 144,507,983 141,067,866 - - 144,507,983 141,067,866 Repurchase agreements - - 21,759,816 13,959,718 - - 21,759,816 13,959,718 - - 28,427,604 22,038,600 - - 28,427,604 22,038,600 Corporate securities Shares, Repurchase Agreements, Debentures, Bank Deposit Certificates and - - 10,637,782 4,562,687 - - 10,637,782 4,562,687 Promissory Notes Financial treasury bills - - 17,788,241 17,475,913 - - 17,788,241 17,475,913 Others - - 1,581 - - - 1,581 - PGBL / VGBL fund quotas - - 1,650,980 436,513 - - 1,650,980 436,513 (2) Other Bonds - - (425,695) (508,111) - - (425,695) (508,111) 2,157,822 1,679,840 10,000,193 8,453,896 2,658,928 1,672,349 14,816,943 11,806,085 Other public securities and private securities (3) 1,085,821 1,072,508 - - - - 1,085,821 1,072,508 Receivables from insurance and reinsurance operations Credit rights 893,385 940,719 - - - - 893,385 940,719 Other credit 192,436 131,789 - - - - 192,436 131,789 Total Guarantee Assets (b) 3,698,516 3,589,909 206,668,441 186,254,593 3,717,054 3,499,986 214,084,011 193,344,488 Total Excess Coverage (b-a) 136,662 333,631 1,837,261 1,082,073 204,651 164,243 2,178,574 1,579,947 (1) The PGBL and VGBL plans securities portfolios, the ownership and embedded risks of which are the customer’s responsibility, are recorded as securities – trading securities, with a counter-entry to lliabilitie in Pension plan technical provision accounts (Note 8a); (2) Includes Derivative financial instruments, Loans for shares and Accounts receivable /payable; (3) Recorded under Other receivables and Other assets. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 102 a) Composition of the technical provisions Insurance Pension plan Capitalization Total 06/30/2019 06/30/2018 06/30/2019 06/30/2018 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Unearned premiums (PPNG) 2,285,523 1,993,421 12,499 13,885 - - 2,298,022 2,007,306 Mathematical provision of benefits to be granted (PMBAC) and benefits granted (PMBC) 201,955 189,427 203,477,479 184,036,424 - - 203,679,434 184,225,851 Redemptions and other unsettled amounts (PVR) 13,048 11,791 319,971 300,084 - - 333,019 311,875 Financial surplus (PEF) 1,903 1,877 602,834 588,854 - - 604,737 590,731 Unsettled claims (PSL) 517,028 545,894 46,870 43,820 - - 563,898 589,714 Claims / events incurred but not reported (IBNR) 376,091 352,322 24,241 25,759 - - 400,332 378,081 Administrative (PDA) and related expenses (PDR) 30,369 27,742 105,206 99,408 5,220 9,397 140,795 136,547 Mathematical provision for capitalization (PMC) and redemption (PR) - - - - 3,493,736 3,309,479 3,493,736 3,309,479 Raffles payable (PSP) unrealized (PSR) - - - - 13,269 16,665 13,269 16,665 Other provisions 135,937 133,804 242,080 64,286 178 202 378,195 198,292 Total technical provisions (a) 3,561,854 3,256,278 204,831,180 185,172,520 3,512,403 3,335,743 211,905,437 191,764,541 b) Assets guaranteeing technical provisions Insurance Pension plan Capitalization Total 06/30/2019 06/30/2018 06/30/2019 06/30/2018 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Interbank investments – money market 454,873 837,561 747,560 806,111 1,058,126 1,827,637 2,260,559 3,471,309 2,157,822 1,679,840 205,920,881 185,448,482 2,658,928 1,672,349 210,737,631 188,800,671 Securities and derivative financial instruments (1) PGBL / VGBL fund quotas - - 195,920,688 176,994,586 - - 195,920,688 176,994,586 Government securities - domestic - - 166,267,799 155,027,584 - - 166,267,799 155,027,584 National treasury bills, Financial treasury bills and National treasury notes - - 144,507,983 141,067,866 - - 144,507,983 141,067,866 Repurchase agreements - - 21,759,816 13,959,718 - - 21,759,816 13,959,718 - - 28,427,604 22,038,600 - - 28,427,604 22,038,600 Corporate securities Shares, Repurchase Agreements, Debentures, Bank Deposit Certificates and - - 10,637,782 4,562,687 - - 10,637,782 4,562,687 Promissory Notes Financial treasury bills - - 17,788,241 17,475,913 - - 17,788,241 17,475,913 Others - - 1,581 - - - 1,581 - PGBL / VGBL fund quotas - - 1,650,980 436,513 - - 1,650,980 436,513 (2) Other Bonds - - (425,695) (508,111) - - (425,695) (508,111) 2,157,822 1,679,840 10,000,193 8,453,896 2,658,928 1,672,349 14,816,943 11,806,085 Other public securities and private securities (3) 1,085,821 1,072,508 - - - - 1,085,821 1,072,508 Receivables from insurance and reinsurance operations Credit rights 893,385 940,719 - - - - 893,385 940,719 Other credit 192,436 131,789 - - - - 192,436 131,789 Total Guarantee Assets (b) 3,698,516 3,589,909 206,668,441 186,254,593 3,717,054 3,499,986 214,084,011 193,344,488 Total Excess Coverage (b-a) 136,662 333,631 1,837,261 1,082,073 204,651 164,243 2,178,574 1,579,947 (1) The PGBL and VGBL plans securities portfolios, the ownership and embedded risks of which are the customer’s responsibility, are recorded as securities – trading securities, with a counter-entry to lliabilitie in Pension plan technical provision accounts (Note 8a); (2) Includes Derivative financial instruments, Loans for shares and Accounts receivable /payable; (3) Recorded under Other receivables and Other assets. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 102

c) Financial and operating income Insurance Pension plan Capitalization Total 01/01 to 06/30/2019 01/01 to 06/30/2018 01/01 to 06/30/2019 01/01 to 06/30/2018 01/01 to 01/01 to 01/01 to 01/01 to Direct Reinsurance Withheld Direct Reinsurance Withheld 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Direct Reinsurance Withheld Direct Reinsurance Withheld Financial income 86,587 - 86,587 49,471 - 49,471 218,354 - 218,354 218,981 - 218,981 40,323 15,269 345,264 283,721 Financial income 96,030 - 96,030 59,720 - 59,720 9,226,292 - 9,226,292 4,196,173 - 4,196,173 131,929 101,886 9,454,251 4,357,779 Financial expenses (9 ,443) - (9,443) (10,249) - (10,249) (9 ,007,938) - (9,007,938) (3,977,192) - (3,977,192) (9 1,606) (86,617) (9,108,987) (4,074,058) Operating income 1,484,191 8,125 1,492,316 1,302,545 17,178 1,319,723 25,239 717 25,956 307,035 (2,029) 305,006 222,191 247,408 1,740,463 1,872,137 Premiums and contributions 2,332,215 (12,573) 2,319,642 2,122,892 (3,470) 2,119,422 6,643,575 (1,589) 6,641,986 10,026,837 (2,029) 10,024,808 1,271,719 1,338,934 10,233,347 13,483,164 Changes in technical provisions (1 80,706) 908 (179,798) (122,537) 1,617 (120,920) (6 ,571,505) - (6,571,505) (9,689,086) - (9,689,086) 1,600 1,971 (6,749,703) (9,808,035) Expenses for claims, benefits, redemptions and raffles (6 46,655) 19,612 (627,043) (633,405) 18,988 (614,417) (4 4,562) 2,306 (42,256) (28,319) - (28,319) (1 ,055,609) (1,093,769) (1,724,908) (1,736,505) Selling expenses (1 3,505) 178 (13,327) (32,249) 43 (32,206) (1 ,896) - (1,896) (1,841) - (1,841) (1 ,952) (2,255) (17,175) (36,302) Other operating revenues and expenses (7 ,158) - (7,158) (32,156) - (32,156) (3 73) - (373) (556) - (556) 6,433 2,527 (1,098) (30,185) Total income 1,570,778 8,125 1,578,903 1,352,016 17,178 1,369,194 243,593 717 244,310 526,016 (2,029) 523,987 262,514 262,677 2,085,727 2,155,858 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 103 c) Financial and operating income Insurance Pension plan Capitalization Total 01/01 to 06/30/2019 01/01 to 06/30/2018 01/01 to 06/30/2019 01/01 to 06/30/2018 01/01 to 01/01 to 01/01 to 01/01 to Direct Reinsurance Withheld Direct Reinsurance Withheld 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Direct Reinsurance Withheld Direct Reinsurance Withheld Financial income 86,587 - 86,587 49,471 - 49,471 218,354 - 218,354 218,981 - 218,981 40,323 15,269 345,264 283,721 Financial income 96,030 - 96,030 59,720 - 59,720 9,226,292 - 9,226,292 4,196,173 - 4,196,173 131,929 101,886 9,454,251 4,357,779 Financial expenses (9 ,443) - (9,443) (10,249) - (10,249) (9 ,007,938) - (9,007,938) (3,977,192) - (3,977,192) (9 1,606) (86,617) (9,108,987) (4,074,058) Operating income 1,484,191 8,125 1,492,316 1,302,545 17,178 1,319,723 25,239 717 25,956 307,035 (2,029) 305,006 222,191 247,408 1,740,463 1,872,137 Premiums and contributions 2,332,215 (12,573) 2,319,642 2,122,892 (3,470) 2,119,422 6,643,575 (1,589) 6,641,986 10,026,837 (2,029) 10,024,808 1,271,719 1,338,934 10,233,347 13,483,164 Changes in technical provisions (1 80,706) 908 (179,798) (122,537) 1,617 (120,920) (6 ,571,505) - (6,571,505) (9,689,086) - (9,689,086) 1,600 1,971 (6,749,703) (9,808,035) Expenses for claims, benefits, redemptions and raffles (6 46,655) 19,612 (627,043) (633,405) 18,988 (614,417) (4 4,562) 2,306 (42,256) (28,319) - (28,319) (1 ,055,609) (1,093,769) (1,724,908) (1,736,505) Selling expenses (1 3,505) 178 (13,327) (32,249) 43 (32,206) (1 ,896) - (1,896) (1,841) - (1,841) (1 ,952) (2,255) (17,175) (36,302) Other operating revenues and expenses (7 ,158) - (7,158) (32,156) - (32,156) (3 73) - (373) (556) - (556) 6,433 2,527 (1,098) (30,185) Total income 1,570,778 8,125 1,578,903 1,352,016 17,178 1,369,194 243,593 717 244,310 526,016 (2,029) 523,987 262,514 262,677 2,085,727 2,155,858 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 103

Note 9 – Contingent assets and liabilities and legal liabilities – tax and social security ITAÚ UNIBANCO HOLDING CONSOLIDATED, as a result of the ordinary course of its business, may be a party to legal lawsuits of labor, civil and tax nature. The contingencies related to these lawsuits are classified as follows: a) Contingent Assets: There are no contingent assets recorded. b) Provisions and contingencies: The criteria to quantify of provisions for contingencies are adequate in relation to the specific characteristics of civil, labor and tax lawsuits portfolios, as well as other risks, taking into consideration the opinion of its legal advisors, the nature of the lawsuits, the similarity with previous lawsuits and the prevailing previous court decisions. A provision is recognized whenever the loss is classified as probable. Legal liabilities arise from lawsuits filed to discuss the legality and unconstitutionality of the legislation in force, being subject to an accounting provision, regardless of the probability of loss. I- Civil lawsuits: In general, provisions for contingencies arise from claims related to the revision of contracts and compensation for damages and pain and suffering and the lawsuits are classified as follows: Collective lawsuits: Related to claims of a similar nature and with individual amounts that are not considered significant. Provisions are determined on a monthly basis and the expected amount of losses is accrued according to statistical references that take into account the nature of the lawsuit and the characteristics of the court (Small Claims Court or Regular Court). Contingencies and provisions are adjusted to reflect the amounts deposited as guarantee for their execution when realized. Individual lawsuits: Related to claims with unusual characteristics or involving significant amounts. These are periodically calculated based on the calculation of the amount claimed. The amounts considered as probable losses are recorded as provisions. ITAÚ UNIBANCO HOLDING CONSOLIDATED, despite having complied with the rules in force at the time, is a defendant in lawsuits filed by individuals referring to collection of inflation adjustments to savings accounts resulting from economic plants implemented in the decades of 1980 and 1990, as well as in collective lawsuits filed by: (i) consumer protection associations; and (ii) the Public Attorney’s Office, on behalf of the savings accounts holders. ITAÚ UNIBANCO HOLDING CONSOLIDATED recognizes provisions upon receipt of summons, as well as at the time individuals demand the enforcement of the decision rendered by the Judiciary power, using the same criteria adopted to determine provisions for individual lawsuits. The Federal Supreme Court (STF) has issued some decisions favorable to savings account holders, but it has not established its understanding with respect to the constitutionality of the economic plans and their applicability to savings accounts. Currently, the appeals involving these matters are suspended, as determined by the STF, until it pronounces a final decision. In December 2017, through mediation of the Federal Attorney’s Office (AGU) and supervision of the BACEN, savers (represented by two civil associations, FEBRAPO and IDEC) and FEBRABAN entered into an instrument of agreement aiming at resolving lawsuits related to economic plans, and ITAÚ UNIBANCO HOLDING CONSOLIDATED has already adhered to its terms. Said agreement was approved on March 1, 2018, by the Plenary Session of the Federal Supreme Court (STF) and, savers may adhere to their terms for a 24-month period, counted as from May 22, 2018 with the subsequent conclusion of lawsuits. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 104 Note 9 – Contingent assets and liabilities and legal liabilities – tax and social security ITAÚ UNIBANCO HOLDING CONSOLIDATED, as a result of the ordinary course of its business, may be a party to legal lawsuits of labor, civil and tax nature. The contingencies related to these lawsuits are classified as follows: a) Contingent Assets: There are no contingent assets recorded. b) Provisions and contingencies: The criteria to quantify of provisions for contingencies are adequate in relation to the specific characteristics of civil, labor and tax lawsuits portfolios, as well as other risks, taking into consideration the opinion of its legal advisors, the nature of the lawsuits, the similarity with previous lawsuits and the prevailing previous court decisions. A provision is recognized whenever the loss is classified as probable. Legal liabilities arise from lawsuits filed to discuss the legality and unconstitutionality of the legislation in force, being subject to an accounting provision, regardless of the probability of loss. I- Civil lawsuits: In general, provisions for contingencies arise from claims related to the revision of contracts and compensation for damages and pain and suffering and the lawsuits are classified as follows: Collective lawsuits: Related to claims of a similar nature and with individual amounts that are not considered significant. Provisions are determined on a monthly basis and the expected amount of losses is accrued according to statistical references that take into account the nature of the lawsuit and the characteristics of the court (Small Claims Court or Regular Court). Contingencies and provisions are adjusted to reflect the amounts deposited as guarantee for their execution when realized. Individual lawsuits: Related to claims with unusual characteristics or involving significant amounts. These are periodically calculated based on the calculation of the amount claimed. The amounts considered as probable losses are recorded as provisions. ITAÚ UNIBANCO HOLDING CONSOLIDATED, despite having complied with the rules in force at the time, is a defendant in lawsuits filed by individuals referring to collection of inflation adjustments to savings accounts resulting from economic plants implemented in the decades of 1980 and 1990, as well as in collective lawsuits filed by: (i) consumer protection associations; and (ii) the Public Attorney’s Office, on behalf of the savings accounts holders. ITAÚ UNIBANCO HOLDING CONSOLIDATED recognizes provisions upon receipt of summons, as well as at the time individuals demand the enforcement of the decision rendered by the Judiciary power, using the same criteria adopted to determine provisions for individual lawsuits. The Federal Supreme Court (STF) has issued some decisions favorable to savings account holders, but it has not established its understanding with respect to the constitutionality of the economic plans and their applicability to savings accounts. Currently, the appeals involving these matters are suspended, as determined by the STF, until it pronounces a final decision. In December 2017, through mediation of the Federal Attorney’s Office (AGU) and supervision of the BACEN, savers (represented by two civil associations, FEBRAPO and IDEC) and FEBRABAN entered into an instrument of agreement aiming at resolving lawsuits related to economic plans, and ITAÚ UNIBANCO HOLDING CONSOLIDATED has already adhered to its terms. Said agreement was approved on March 1, 2018, by the Plenary Session of the Federal Supreme Court (STF) and, savers may adhere to their terms for a 24-month period, counted as from May 22, 2018 with the subsequent conclusion of lawsuits. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 104

II- Labor claims Provisions for Contingencies arise from lawsuits in which labor rights provided for in labor legislation specific to the related profession are discussed, such as: overtime, salary equalization, reinstatement, transfer allowance, pension plan supplement, among others, are discussed. These lawsuits are classified as follows: Collective lawsuits: related to claims considered similar and with individual amounts that are not considered relevant. The expected amount of loss is determined and accrued on a monthly basis in accordance with a statistical share pricing model and is reassessed taking into account the court rulings. Provisions for contingencies are adjusted to the amounts deposited as guarantee for their execution when realized. Individual lawsuits: related to claims with unusual characteristics or involving significant amounts. These are periodically calculated based on the calculation of the amount claimed. Probability of loss which, in turn, is estimated in accordance with the actual and legal characteristics related to that lawsuit. III- Other Risks These are quantified and accrued mainly based on the evaluation of rural credit transactions with joint liability and FCVS (salary variations compensation fund) credits assigned to Banco Nacional. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 105 II- Labor claims Provisions for Contingencies arise from lawsuits in which labor rights provided for in labor legislation specific to the related profession are discussed, such as: overtime, salary equalization, reinstatement, transfer allowance, pension plan supplement, among others, are discussed. These lawsuits are classified as follows: Collective lawsuits: related to claims considered similar and with individual amounts that are not considered relevant. The expected amount of loss is determined and accrued on a monthly basis in accordance with a statistical share pricing model and is reassessed taking into account the court rulings. Provisions for contingencies are adjusted to the amounts deposited as guarantee for their execution when realized. Individual lawsuits: related to claims with unusual characteristics or involving significant amounts. These are periodically calculated based on the calculation of the amount claimed. Probability of loss which, in turn, is estimated in accordance with the actual and legal characteristics related to that lawsuit. III- Other Risks These are quantified and accrued mainly based on the evaluation of rural credit transactions with joint liability and FCVS (salary variations compensation fund) credits assigned to Banco Nacional. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 105

Below are the changes in civil, labor and other Risks provisions: 01/01 to 01/01 to 06/30/2019 06/30/2018 Other Civil Labor Total Total Opening balance 4,426,020 6,820,919 573,198 11,820,137 12,732,945 (-) Guaranteed Provisions by indemnity clauses (Note 3n) (226,179) (956,819) - ( 1,182,998) ( 1,240,767) Subtotal 4,199,841 5,864,100 573,198 10,637,139 11,492,178 Monetary restatement/charges 82,636 258,953 - 341,589 313,361 75,399 930,679 (97,695) 908,383 1,139,449 Changes in the period reflected in results (Note 10g and 10i) Increase 309,331 1,000,214 72,918 1,382,463 1,470,124 Reversal (233,932) (69,535) (170,613) (474,080) (330,675) Payment (779,481) (1,073,220) - ( 1,852,701) (1,807,750) Subtotal 3,578,395 5,980,512 475,503 10,034,410 11,137,238 (+) Guaranteed Provisions by indemnity clauses (Note 3n) 221,549 986,531 - 1,208,080 1,191,603 Closing balance (Note 10d) 3,799,944 6,967,043 475,503 11,242,490 12,328,841 Closing balance at 06/30/2018 4,884,372 7,033,143 411,326 12,328,841 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 106 Below are the changes in civil, labor and other Risks provisions: 01/01 to 01/01 to 06/30/2019 06/30/2018 Other Civil Labor Total Total Opening balance 4,426,020 6,820,919 573,198 11,820,137 12,732,945 (-) Guaranteed Provisions by indemnity clauses (Note 3n) (226,179) (956,819) - ( 1,182,998) ( 1,240,767) Subtotal 4,199,841 5,864,100 573,198 10,637,139 11,492,178 Monetary restatement/charges 82,636 258,953 - 341,589 313,361 75,399 930,679 (97,695) 908,383 1,139,449 Changes in the period reflected in results (Note 10g and 10i) Increase 309,331 1,000,214 72,918 1,382,463 1,470,124 Reversal (233,932) (69,535) (170,613) (474,080) (330,675) Payment (779,481) (1,073,220) - ( 1,852,701) (1,807,750) Subtotal 3,578,395 5,980,512 475,503 10,034,410 11,137,238 (+) Guaranteed Provisions by indemnity clauses (Note 3n) 221,549 986,531 - 1,208,080 1,191,603 Closing balance (Note 10d) 3,799,944 6,967,043 475,503 11,242,490 12,328,841 Closing balance at 06/30/2018 4,884,372 7,033,143 411,326 12,328,841 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 106

IV- Tax and social security lawsuits Tax provisions correspond to the principal amount of taxes involved in tax, administrative or judicial challenges, subject to tax assessment notices, plus interest and, when applicable, fines and charges. The table below shows the changes in the provisions: 01/01 to 01/01 to 06/30/2019 06/30/2018 Legal Tax Lawsuits obligation Total Total (Note 10d) (Note 11c) Opening balance 4,691,011 2,101,611 6,792,622 7,003,159 (-) Provisions guaranteed by indemnity clauses (Note 3n) - (66,190) (66,190) (66,190) Subtotal 4,691,011 2,035,421 6,726,432 6,936,969 Monetary restatement / charges 70,397 172,765 243,162 192,179 Changes in the period reflected in results ( 109,165) 46,839 (62,326) (55,327) Increase 76,281 130,614 206,895 244,922 Reversal (185,446) (83,775) (269,221) (300,249) Payment (4,403) (50,472) (54,875) (277,536) Subtotal 4,647,840 2,204,553 6,852,393 6,796,285 (+) Provisions guaranteed by indemnity clauses (Note 3n) - 69,143 69,143 66,692 Closing balance 4,647,840 2,273,696 6,921,536 6,862,977 Closing balance at 06/30/2018 4,505,910 2,357,067 6,862,977 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 107 IV- Tax and social security lawsuits Tax provisions correspond to the principal amount of taxes involved in tax, administrative or judicial challenges, subject to tax assessment notices, plus interest and, when applicable, fines and charges. The table below shows the changes in the provisions: 01/01 to 01/01 to 06/30/2019 06/30/2018 Legal Tax Lawsuits obligation Total Total (Note 10d) (Note 11c) Opening balance 4,691,011 2,101,611 6,792,622 7,003,159 (-) Provisions guaranteed by indemnity clauses (Note 3n) - (66,190) (66,190) (66,190) Subtotal 4,691,011 2,035,421 6,726,432 6,936,969 Monetary restatement / charges 70,397 172,765 243,162 192,179 Changes in the period reflected in results ( 109,165) 46,839 (62,326) (55,327) Increase 76,281 130,614 206,895 244,922 Reversal (185,446) (83,775) (269,221) (300,249) Payment (4,403) (50,472) (54,875) (277,536) Subtotal 4,647,840 2,204,553 6,852,393 6,796,285 (+) Provisions guaranteed by indemnity clauses (Note 3n) - 69,143 69,143 66,692 Closing balance 4,647,840 2,273,696 6,921,536 6,862,977 Closing balance at 06/30/2018 4,505,910 2,357,067 6,862,977 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 107

The main discussions related to Tax and Tax Lawsuits and Legal Obligations are described below: · CSLL – Isonomy – R$ 1,364,951: discussing the lack of constitutional support for the increase, established by law nº 11,727/08, of the CSLL rate for financial and insurance companies from 9% to 15%. The balance of the deposit in court totals R$ 1,353,939; · INSS – Non-compensatory amounts – R$ 671,461: the non-levy of social security contribution on amounts paid as profit sharing is defended; · PIS and COFINS – Calculation basis – R$ 636,280: defending the levy of PIS and COFINS on revenue, a tax on revenue from the sales of assets and services. The balance of the deposit in court totals R$ 619,886. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 108 The main discussions related to Tax and Tax Lawsuits and Legal Obligations are described below: · CSLL – Isonomy – R$ 1,364,951: discussing the lack of constitutional support for the increase, established by law nº 11,727/08, of the CSLL rate for financial and insurance companies from 9% to 15%. The balance of the deposit in court totals R$ 1,353,939; · INSS – Non-compensatory amounts – R$ 671,461: the non-levy of social security contribution on amounts paid as profit sharing is defended; · PIS and COFINS – Calculation basis – R$ 636,280: defending the levy of PIS and COFINS on revenue, a tax on revenue from the sales of assets and services. The balance of the deposit in court totals R$ 619,886. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 108

c) Off-balance sheet contingencies The amounts involved in administrative and judicial challenges with estimated risk of possible loss are subject to accounting provision and are basically composed of: I- Civil and Labor Claims In Civil Lawsuits with possible loss, total estimated risk is R$ 4,185,381 (R$ 3,990,175 at June 30, 2018), and in this amount there are no values arising from interest in Jointly Controlled Entities. For Labor Claims with possible loss, estimated risk is R$ 187,888 (R$ 115,753 at June 30, 2018). II - Tax and Social Security Lawsuits: Tax and Social Security Lawsuits with possible loss totaled R$ 27,936,261, and the main discussions are described below: · INSS – Non-compensatory amounts – R$ 6,209,325: defends the non-levy of this contribution on these amounts, profit sharing and stock option plan; · IRPJ, CSLL, PIS and COFINS – Funding Expenses – R$ 4,025,370: the deductibility of funding expenses (DI), related to funds that were capitalized between Group companies, is being challenged; · IRPJ and CSLL – Goodwill – Deduction – R$ 2,961,261: the deductibility of goodwill with future expected profitability on the acquisition of investments; · PIS and COFINS - Reversal of Revenues from Depreciation in Excess – R$ 1,967,715: discussing the accounting and tax treatment granted to PIS and COFINS upon settlement of leasing operations; · IRPJ, CSLL, PIS and COFINS – Requests for offsetting dismissed - R$ 1,808,571: cases in which the liquidity and the ability of offset credits are discussed; · IRPJ and CSLL – Interest on capital – R$ 1,533,961: defending the deductibility of interest on capital declared to stockholders based on the Brazilian long term interest rate (TJLP) on the stockholders’ equity for the year and for prior years; · ISS – Banking Institutions – R$ 1,211,168: these are banking operations, revenue from which may not be interpreted as prices for services rendered, and/or which arises from activities not listed under Supplementary Law nº. 116/03 or Decree Law nº. 406/68; · IRPJ and CSLL – Disallowance of Losses – R$ 1,132,188: discussion on the amount of tax loss (IRPJ) and/or social contribution (CSLL) tax loss carryforwards used by the Federal Revenue Service when drawing up tax assessment notes that are still pending a final decision; · IRPJ and CSLL – Deductibility of Losses in Credit Operations – R$ 678,479: assessments to require the payment of IRPJ and CSLL due to the alleged non-observance of the legal criteria for the deduction of losses upon the receipt of credits. d) Receivables - reimbursement of provisions The receivables balance arising from reimbursements of provisions totals R$ 1,023,007 (R$ 1,038,359 at 06/30/2018) (Note 10a). This value is derived basically from the guarantee in the privatization process of the Banco Banerj S.A., which occurred in 1997, when the State of Rio de Janeiro created a fund to guarantee civil, labor, tax and social security provisions e) Guarantees of contingencies, provisions and legal obligations The guarantees related to legal proceedings involving ITAÚ UNIBANCO HOLDING CONSOLIDATED and basically consist of: Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 109 c) Off-balance sheet contingencies The amounts involved in administrative and judicial challenges with estimated risk of possible loss are subject to accounting provision and are basically composed of: I- Civil and Labor Claims In Civil Lawsuits with possible loss, total estimated risk is R$ 4,185,381 (R$ 3,990,175 at June 30, 2018), and in this amount there are no values arising from interest in Jointly Controlled Entities. For Labor Claims with possible loss, estimated risk is R$ 187,888 (R$ 115,753 at June 30, 2018). II - Tax and Social Security Lawsuits: Tax and Social Security Lawsuits with possible loss totaled R$ 27,936,261, and the main discussions are described below: · INSS – Non-compensatory amounts – R$ 6,209,325: defends the non-levy of this contribution on these amounts, profit sharing and stock option plan; · IRPJ, CSLL, PIS and COFINS – Funding Expenses – R$ 4,025,370: the deductibility of funding expenses (DI), related to funds that were capitalized between Group companies, is being challenged; · IRPJ and CSLL – Goodwill – Deduction – R$ 2,961,261: the deductibility of goodwill with future expected profitability on the acquisition of investments; · PIS and COFINS - Reversal of Revenues from Depreciation in Excess – R$ 1,967,715: discussing the accounting and tax treatment granted to PIS and COFINS upon settlement of leasing operations; · IRPJ, CSLL, PIS and COFINS – Requests for offsetting dismissed - R$ 1,808,571: cases in which the liquidity and the ability of offset credits are discussed; · IRPJ and CSLL – Interest on capital – R$ 1,533,961: defending the deductibility of interest on capital declared to stockholders based on the Brazilian long term interest rate (TJLP) on the stockholders’ equity for the year and for prior years; · ISS – Banking Institutions – R$ 1,211,168: these are banking operations, revenue from which may not be interpreted as prices for services rendered, and/or which arises from activities not listed under Supplementary Law nº. 116/03 or Decree Law nº. 406/68; · IRPJ and CSLL – Disallowance of Losses – R$ 1,132,188: discussion on the amount of tax loss (IRPJ) and/or social contribution (CSLL) tax loss carryforwards used by the Federal Revenue Service when drawing up tax assessment notes that are still pending a final decision; · IRPJ and CSLL – Deductibility of Losses in Credit Operations – R$ 678,479: assessments to require the payment of IRPJ and CSLL due to the alleged non-observance of the legal criteria for the deduction of losses upon the receipt of credits. d) Receivables - reimbursement of provisions The receivables balance arising from reimbursements of provisions totals R$ 1,023,007 (R$ 1,038,359 at 06/30/2018) (Note 10a). This value is derived basically from the guarantee in the privatization process of the Banco Banerj S.A., which occurred in 1997, when the State of Rio de Janeiro created a fund to guarantee civil, labor, tax and social security provisions e) Guarantees of contingencies, provisions and legal obligations The guarantees related to legal proceedings involving ITAÚ UNIBANCO HOLDING CONSOLIDATED and basically consist of: Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 109

06/30/2019 06/30/2018 Civil Labor Tax Total Total Deposits in guarantee (Note 10a) 1,522,346 2,426,998 10,441,697 14,391,041 13,470,562 Quotas 768,940 598,655 325,264 1,692,859 2,369,450 Surety 59,156 163,024 1,626,284 1,848,464 2,417,986 Insurance bond 1,672,023 701,813 11,059,834 13,433,670 11,963,214 Guarantee by government securities 39,783 - 503,235 543,018 570,489 Total 4,062,248 3,890,491 23,956,314 31,909,053 30,791,701 ITAÚ UNIBANCO HOLDING CONSOLIDATED litigation provisions are long-term, considering the time required to conclude legal cases through the court system in Brazil, which prevents the disclosure of a deadline for their conclusion. The legal advisors believe that ITAÚ UNIBANCO HOLDING CONSOLIDATED is not a party to this or any other administrative proceedings or lawsuits that could significantly affect the results of its operations. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 110 06/30/2019 06/30/2018 Civil Labor Tax Total Total Deposits in guarantee (Note 10a) 1,522,346 2,426,998 10,441,697 14,391,041 13,470,562 Quotas 768,940 598,655 325,264 1,692,859 2,369,450 Surety 59,156 163,024 1,626,284 1,848,464 2,417,986 Insurance bond 1,672,023 701,813 11,059,834 13,433,670 11,963,214 Guarantee by government securities 39,783 - 503,235 543,018 570,489 Total 4,062,248 3,890,491 23,956,314 31,909,053 30,791,701 ITAÚ UNIBANCO HOLDING CONSOLIDATED litigation provisions are long-term, considering the time required to conclude legal cases through the court system in Brazil, which prevents the disclosure of a deadline for their conclusion. The legal advisors believe that ITAÚ UNIBANCO HOLDING CONSOLIDATED is not a party to this or any other administrative proceedings or lawsuits that could significantly affect the results of its operations. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 110

Note 10 - Breakdown of accounts a) Other receivables 06/30/2019 06/30/2018 Foreign exchange portfolio (Note 10b) 96,212,054 62,308,829 Deferred tax assets (Note 11b I) 38,892,477 46,155,723 Negotiation and intermediation of securities 18,084,659 10,495,079 Deposits in guarantee for contingent, provisions and legal obligations (Note 9b) 14,391,041 13,470,562 Taxes and contributions for offsetting 9,710,309 8,138,366 Operations without credit granting characteristics, net of provisions 3,844,601 2,161,819 Income receivable 3,111,280 2,990,811 Sundry domestic debtors 2,695,482 2,555,701 Receivables from insurance and reinsurance operations 1,295,262 1,260,986 Sundry foreign debtors 947,768 1,006,575 Net amount receivables from reimbursement of provisions (Note 9d) 1,023,007 1,038,359 Retirement plan assets (Note 16e) 713,955 1,073,261 Other 2,995,866 2,915,475 Total 193,917,761 155,571,546 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 111 Note 10 - Breakdown of accounts a) Other receivables 06/30/2019 06/30/2018 Foreign exchange portfolio (Note 10b) 96,212,054 62,308,829 Deferred tax assets (Note 11b I) 38,892,477 46,155,723 Negotiation and intermediation of securities 18,084,659 10,495,079 Deposits in guarantee for contingent, provisions and legal obligations (Note 9b) 14,391,041 13,470,562 Taxes and contributions for offsetting 9,710,309 8,138,366 Operations without credit granting characteristics, net of provisions 3,844,601 2,161,819 Income receivable 3,111,280 2,990,811 Sundry domestic debtors 2,695,482 2,555,701 Receivables from insurance and reinsurance operations 1,295,262 1,260,986 Sundry foreign debtors 947,768 1,006,575 Net amount receivables from reimbursement of provisions (Note 9d) 1,023,007 1,038,359 Retirement plan assets (Note 16e) 713,955 1,073,261 Other 2,995,866 2,915,475 Total 193,917,761 155,571,546 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 111

b) Foreign exchange portfolio 06/30/2019 06/30/2018 Assets - other receivables 96,212,054 62,308,829 44,576,110 34,334,823 Exchange purchase pending settlement – foreign currency 6,938 6,446 Bills of exchange and term documents – foreign currency 52,049,996 28,394,208 Exchange sale rights – local currency (Advances received) – local currency (420,990) ( 426,648) 97,433,108 61,963,284 Liabilities – other liabilities (Note 2a) Exchange sales pending settlement – foreign currency 52,387,365 28,185,191 Liabilities from purchase of foreign currency – local currency 44,847,383 33,570,465 Other 198,360 207,628 Offsetting accounts 2,032,689 1,820,101 667,922 802,993 Outstanding import credits – foreign currency 1,364,767 1,017,108 Confirmed export credits – foreign currency Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 112 b) Foreign exchange portfolio 06/30/2019 06/30/2018 Assets - other receivables 96,212,054 62,308,829 44,576,110 34,334,823 Exchange purchase pending settlement – foreign currency 6,938 6,446 Bills of exchange and term documents – foreign currency 52,049,996 28,394,208 Exchange sale rights – local currency (Advances received) – local currency (420,990) ( 426,648) 97,433,108 61,963,284 Liabilities – other liabilities (Note 2a) Exchange sales pending settlement – foreign currency 52,387,365 28,185,191 Liabilities from purchase of foreign currency – local currency 44,847,383 33,570,465 Other 198,360 207,628 Offsetting accounts 2,032,689 1,820,101 667,922 802,993 Outstanding import credits – foreign currency 1,364,767 1,017,108 Confirmed export credits – foreign currency Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 112

c) Prepaid expenses 06/30/2019 06/30/2018 Publicity and advertising 415,038 527,858 Commissions related to software maintenance 530,863 365,229 251,933 355,852 Commissions Related to payroll loans 64,314 143,921 Related to insurance and pension plan 14,444 29,534 Related to vehicle financing 6,945 23,218 Restricted to commissions / partnership agreements 351 2,796 Other 165,879 156,383 Other 861,346 731,576 2,059,180 1,980,514 Total Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 113 c) Prepaid expenses 06/30/2019 06/30/2018 Publicity and advertising 415,038 527,858 Commissions related to software maintenance 530,863 365,229 251,933 355,852 Commissions Related to payroll loans 64,314 143,921 Related to insurance and pension plan 14,444 29,534 Related to vehicle financing 6,945 23,218 Restricted to commissions / partnership agreements 351 2,796 Other 165,879 156,383 Other 861,346 731,576 2,059,180 1,980,514 Total Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 113

d) Other liabilities 06/30/2019 06/30/2018 97,433,108 61,963,284 Foreign exchange portfolio (Note 10b) Payment Transactions 34,625,902 33,712,064 Tax and social security contributions (Note 11c) 17,411,701 14,599,870 13,516,186 14,685,908 Provisions for civil, labor, other risks and tax lawsuits (Note 9b) Negotiation and intermediation of securities 10,665,975 7,904,693 Collection and payment of taxes and contributions 5,113,890 4,543,617 Social and statutory 5,255,607 4,382,013 Transactions related to credit assignments (Note 6f) 3,385,426 4,538,558 Provisions for sundry payments 3,369,941 3,553,536 Sundry creditors - foreign 3,003,069 3,889,259 Sundry creditors - in Brazil 2,991,320 2,448,739 Personnel provision 1,992,965 1,894,602 Creditors of funds to be released 1,443,234 1,202,459 Liabilities for official agreements and rendering of payment services 1,009,115 899,101 Provision financial guarantees provided (Note 6c) 1,138,507 1,810,014 Retirement plan liabilities (Note 16e) 819,236 769,111 Other 1,646,973 2,965,874 Total 204,822,155 165,762,702 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 114 d) Other liabilities 06/30/2019 06/30/2018 97,433,108 61,963,284 Foreign exchange portfolio (Note 10b) Payment Transactions 34,625,902 33,712,064 Tax and social security contributions (Note 11c) 17,411,701 14,599,870 13,516,186 14,685,908 Provisions for civil, labor, other risks and tax lawsuits (Note 9b) Negotiation and intermediation of securities 10,665,975 7,904,693 Collection and payment of taxes and contributions 5,113,890 4,543,617 Social and statutory 5,255,607 4,382,013 Transactions related to credit assignments (Note 6f) 3,385,426 4,538,558 Provisions for sundry payments 3,369,941 3,553,536 Sundry creditors - foreign 3,003,069 3,889,259 Sundry creditors - in Brazil 2,991,320 2,448,739 Personnel provision 1,992,965 1,894,602 Creditors of funds to be released 1,443,234 1,202,459 Liabilities for official agreements and rendering of payment services 1,009,115 899,101 Provision financial guarantees provided (Note 6c) 1,138,507 1,810,014 Retirement plan liabilities (Note 16e) 819,236 769,111 Other 1,646,973 2,965,874 Total 204,822,155 165,762,702 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 114

e) Banking service fees 01/01 to 01/01 to 06/30/2019 06/30/2018 Credit and debit cards 5,709,040 5,688,412 Asset management 3,355,151 3,135,181 Funds 3,005,702 2,815,401 Cons Consorti ora tia management fee 349,449 319,780 Loan operations and financial guarantees provided 882,102 932,403 Loan operations 192,658 171,675 Financial guarantees provided 689,444 760,728 Receipt services 900,319 883,297 Charge services 753,085 748,174 Collection services 147,234 135,123 Current account 363,886 348,889 Other 1,591,079 1,613,159 Custody and management of portfolio 232,407 211,495 Economic and financial advisory 393,519 372,369 Other services 965,153 1,029,295 Total 12,801,577 12,601,341 f) Income related to bank charges 01/01 to 01/01 to 06/30/2019 06/30/2018 Service packages 3,221,382 3,238,028 Credit cards – annual fees and other services 2,008,888 1,877,391 Earnings from securities brokerage 466,465 393,846 Loan operations / registration 491,999 436,742 Transfer of funds 195,078 189,962 Deposit account 115,619 103,115 Total 6,499,431 6,239,084 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 115 e) Banking service fees 01/01 to 01/01 to 06/30/2019 06/30/2018 Credit and debit cards 5,709,040 5,688,412 Asset management 3,355,151 3,135,181 Funds 3,005,702 2,815,401 Cons Consorti ora tia management fee 349,449 319,780 Loan operations and financial guarantees provided 882,102 932,403 Loan operations 192,658 171,675 Financial guarantees provided 689,444 760,728 Receipt services 900,319 883,297 Charge services 753,085 748,174 Collection services 147,234 135,123 Current account 363,886 348,889 Other 1,591,079 1,613,159 Custody and management of portfolio 232,407 211,495 Economic and financial advisory 393,519 372,369 Other services 965,153 1,029,295 Total 12,801,577 12,601,341 f) Income related to bank charges 01/01 to 01/01 to 06/30/2019 06/30/2018 Service packages 3,221,382 3,238,028 Credit cards – annual fees and other services 2,008,888 1,877,391 Earnings from securities brokerage 466,465 393,846 Loan operations / registration 491,999 436,742 Transfer of funds 195,078 189,962 Deposit account 115,619 103,115 Total 6,499,431 6,239,084 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 115

g) Personnel expenses 01/01 to 01/01 to 06/30/2019 06/30/2018 Compensation (4,886,892) (4,903,934) Employees’ profit sharing (2,132,159) (1,938,754) (1,941,636) (1,827,015) Social benefits Charges (1,616,988) (1,489,734) (1,181,741) (956,035) Labor claims and termination of employees Training (87,801) (107,350) (145,845) (108,430) Share-based payment (Note 13g) (11,993,062) (11,331,252) Total h) Other administrative expenses 01/01 to 01/01 to 06/30/2019 06/30/2018 Third-party services (2,245,012) (2,115,733) Data processing and telecommunications (2,151,860) (2,063,418) Installations (1,646,111) (1,612,942) Depreciation and amortization (1,382,598) (1,276,260) Advertising, promotions and publicity (619,549) (653,483) (367,347) (368,514) Financial system services Security (381,848) (380,232) (180,768) (167,430) Transportation Materials (169,411) (155,929) Travel expenses (119,711) (107,217) Other (576,811) (660,317) (9,841,026) ( 9,561,475) Total Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 116 g) Personnel expenses 01/01 to 01/01 to 06/30/2019 06/30/2018 Compensation (4,886,892) (4,903,934) Employees’ profit sharing (2,132,159) (1,938,754) (1,941,636) (1,827,015) Social benefits Charges (1,616,988) (1,489,734) (1,181,741) (956,035) Labor claims and termination of employees Training (87,801) (107,350) (145,845) (108,430) Share-based payment (Note 13g) (11,993,062) (11,331,252) Total h) Other administrative expenses 01/01 to 01/01 to 06/30/2019 06/30/2018 Third-party services (2,245,012) (2,115,733) Data processing and telecommunications (2,151,860) (2,063,418) Installations (1,646,111) (1,612,942) Depreciation and amortization (1,382,598) (1,276,260) Advertising, promotions and publicity (619,549) (653,483) (367,347) (368,514) Financial system services Security (381,848) (380,232) (180,768) (167,430) Transportation Materials (169,411) (155,929) Travel expenses (119,711) (107,217) Other (576,811) (660,317) (9,841,026) ( 9,561,475) Total Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 116

i) Other operating expenses 01/01 to 01/01 to 06/30/2019 06/30/2018 Selling - credit cards (2,204,348) (1,820,501) Operations without no credit granting characteristics, net of provision (244,549) (573,441) Amortization of goodwill (636,421) (607,365) Provision for lawsuits (Note 9b) (18,515) (406,386) Civil (75,399) (137,184) Tax and social security contributions (40,811) (8,561) Other 97,695 (260,641) Claims (225,860) (159,815) Refund of interbank costs (151,076) (140,830) Impairment – Intangible assets - (167,363) Other (834,681) (937,451) Total (4,315,450) (4,813,152) Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 117 i) Other operating expenses 01/01 to 01/01 to 06/30/2019 06/30/2018 Selling - credit cards (2,204,348) (1,820,501) Operations without no credit granting characteristics, net of provision (244,549) (573,441) Amortization of goodwill (636,421) (607,365) Provision for lawsuits (Note 9b) (18,515) (406,386) Civil (75,399) (137,184) Tax and social security contributions (40,811) (8,561) Other 97,695 (260,641) Claims (225,860) (159,815) Refund of interbank costs (151,076) (140,830) Impairment – Intangible assets - (167,363) Other (834,681) (937,451) Total (4,315,450) (4,813,152) Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 117

Note 11 - Taxes ITAÚ UNIBANCO HOLDING and each one of its subsidiaries calculate separately, in each fiscal year, Income Tax and Social Contribution on Net Income. Taxes are calculated at the rates shown below and consider, for effects of respective calculation bases, the legislation in force applicable to each charge. Income tax 15.00% Additional income tax 10.00% (1) 15.00% Social contribution on net income (2) 0.65% PIS (2) 4.00% COFINS ISS up to 5.00% (1) For non-financial subsidiaries, the Social contribution on net income tax rate is 9.00%. (2) For non-financial subsidiaries that fall into the non-cumulative calculation system, the PIS rate is 1.65% and COFINS rate is 7.60%. a) Expenses for taxes and contributions I - Demonstration of Income tax and social contribution expense calculation: 01/01 to 01/01 to Due on operations for the period 06/30/2019 06/30/2018 Income before income tax and social contribution 2 0,324,629 12,950,583 (8,129,852) (5,827,762) Charges (income tax and social contribution) at the rates in effect Increase / decrease in income tax and social contribution charges arising from: Investments in affiliates and jointly controlled entities 164,389 7,941 Foreign exchange variations on investments abroad (2 90,920) 4,224,720 Interest on capital 1 ,598,148 1 ,817,829 Corporate reorganizations (Note 3l) - 313,869 Dividends and interest on external debt bonds 226,227 2 62,457 Other nondeductible expenses net of non taxable income (*) 1,782,084 (5 ,103,859) Income tax and social contribution expenses (4,649,924) (4 ,304,805) Related to temporary differences Increase / (reversal) for the period (1,719,967) 4,112,836 Increase / (reversal) of prior periods - 18,169 (Expenses) / Income related to deferred taxes (1,719,967) 4 ,131,005 Total income tax and social contribution expenses (6 ,369,891) (1 73,800) (*) Includes temporary (additions) and exclusions. II - Tax expenses: 01/01 to 01/01 to 06/30/2019 06/30/2018 PIS and COFINS ( 2,819,213) (1,926,372) ISS (652,485) (662,050) Other (311,345) (387,605) Total (3,783,043) (2,976,027) The tax expenses of ITAÚ UNIBANCO HOLDING amount to R$ (203,189) (R$ (145,436) from 01/01 to 06/30/2018) and are mainly composed of PIS and COFINS. III - Tax effects on foreign exchange management of investments abroad In order to minimize the effects on income in connection with the foreign exchange variations on investments abroad, net of the respective tax effects, ITAÚ UNIBANCO HOLDING CONSOLIDATED carries out derivative transactions in foreign currency (hedge), as mentioned in Note 19b. The results of these transactions are considered in the calculation base of income tax and social contribution, in accordance with their nature, while the foreign exchange variations on investments abroad are not included therein, pursuant to the tax legislation in force. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 118 Note 11 - Taxes ITAÚ UNIBANCO HOLDING and each one of its subsidiaries calculate separately, in each fiscal year, Income Tax and Social Contribution on Net Income. Taxes are calculated at the rates shown below and consider, for effects of respective calculation bases, the legislation in force applicable to each charge. Income tax 15.00% Additional income tax 10.00% (1) 15.00% Social contribution on net income (2) 0.65% PIS (2) 4.00% COFINS ISS up to 5.00% (1) For non-financial subsidiaries, the Social contribution on net income tax rate is 9.00%. (2) For non-financial subsidiaries that fall into the non-cumulative calculation system, the PIS rate is 1.65% and COFINS rate is 7.60%. a) Expenses for taxes and contributions I - Demonstration of Income tax and social contribution expense calculation: 01/01 to 01/01 to Due on operations for the period 06/30/2019 06/30/2018 Income before income tax and social contribution 2 0,324,629 12,950,583 (8,129,852) (5,827,762) Charges (income tax and social contribution) at the rates in effect Increase / decrease in income tax and social contribution charges arising from: Investments in affiliates and jointly controlled entities 164,389 7,941 Foreign exchange variations on investments abroad (2 90,920) 4,224,720 Interest on capital 1 ,598,148 1 ,817,829 Corporate reorganizations (Note 3l) - 313,869 Dividends and interest on external debt bonds 226,227 2 62,457 Other nondeductible expenses net of non taxable income (*) 1,782,084 (5 ,103,859) Income tax and social contribution expenses (4,649,924) (4 ,304,805) Related to temporary differences Increase / (reversal) for the period (1,719,967) 4,112,836 Increase / (reversal) of prior periods - 18,169 (Expenses) / Income related to deferred taxes (1,719,967) 4 ,131,005 Total income tax and social contribution expenses (6 ,369,891) (1 73,800) (*) Includes temporary (additions) and exclusions. II - Tax expenses: 01/01 to 01/01 to 06/30/2019 06/30/2018 PIS and COFINS ( 2,819,213) (1,926,372) ISS (652,485) (662,050) Other (311,345) (387,605) Total (3,783,043) (2,976,027) The tax expenses of ITAÚ UNIBANCO HOLDING amount to R$ (203,189) (R$ (145,436) from 01/01 to 06/30/2018) and are mainly composed of PIS and COFINS. III - Tax effects on foreign exchange management of investments abroad In order to minimize the effects on income in connection with the foreign exchange variations on investments abroad, net of the respective tax effects, ITAÚ UNIBANCO HOLDING CONSOLIDATED carries out derivative transactions in foreign currency (hedge), as mentioned in Note 19b. The results of these transactions are considered in the calculation base of income tax and social contribution, in accordance with their nature, while the foreign exchange variations on investments abroad are not included therein, pursuant to the tax legislation in force. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 118

b) Deferred taxes I - The Deferred Tax Asset balance and its changes, segregated based on its origin and disbursements incurred, are represented as follows: Origin Deferred Tax Assets Realization / 06/30/2019 06/30/2018 12/31/2018 Increase 06/30/2019 06/30/2018 Reversal Reflected in income 38,296,689 (8,289,986) 7,274,609 37,281,312 43,735,668 Allowance for loan losses 50,625,532 59,310,042 20,813,583 (3,814,624) 2,517,171 19,516,130 24,327,099 Related to tax losses and social contribution loss carryforwards 4,302,570 (431,391) 915,454 4,786,633 5,692,080 Provision for profit sharing 3,490,181 3,037,279 1,843,824 (1,843,824) 1,315,830 1,315,830 1,283,073 Provision for devaluation of securities with permanent impairment 3,255,491 4,072,855 1,385,944 (421,211) 335,794 1,300,527 1,625,870 Adjustment to Market Value of Trading Securities and Derivative Financial Instruments 472,040 1,075,333 115,771 (115,771) 192,814 192,814 478,010 Adjustments of operations carried out on the futures settlement market 636,669 473,990 105,210 (105,210) 263,362 263,362 228,851 Goodwill on purchase of investments 2,278,788 1,336,906 641,392 (87,958) 112,250 665,684 707,870 Provision 11,571,429 12,163,447 4,464,058 (781,408) 771,217 4,453,867 4,953,454 Civil lawsuits 3,577,093 4,407,044 1,585,884 (309,884) 57,552 1,333,552 1,798,791 Labor claims 5,720,640 5,399,336 2,037,530 (417,825) 591,132 2,210,837 2,093,983 Tax and social security contributions 2,273,696 2,357,067 840,644 (53,699) 122,533 909,478 1,060,680 Legal liabilities 1,707,741 1,203,490 675,822 (42,356) 19,951 653,417 524,445 Provision related to health insurance operations 867,394 849,034 342,636 - 4,322 346,958 342,657 Other non-deductible provisions 9,595,842 9,269,821 3,605,879 (646,233) 826,444 3,786,090 3,572,259 Reflected in stockholders’ equity 1,574,360 (156,569) 193,374 1,611,165 2,420,055 Corporate reorganizations (Note 3l) - 923,147 - - - - 313,870 Adjustment to market value of available-for-sale securities 64,639 2,269,539 182,211 (156,569) 392 26,034 1,000,611 Cash flow hedge 3,216,266 2,433,638 1,288,953 - 154,383 1,443,336 1,104,146 Post-employment benefits 354,489 3,504 103,196 - 38,599 141,795 1,428 (*) 88,136,501 98,422,025 39,871,049 (8,446,555) 7,467,983 38,892,477 46,155,723 Total Social contribution for offsetting arising from Option established in article 8º of 603,475 (4,583) - 5 98,892 6 04,699 Provisional Measure nº. 2,158-35 of August 24, 2001 (*) The accounting records of deferred tax assets on income tax losses and/or social contribution loss carryforwards, as well as those arising from temporary differences, are based on technical feasibility studies which consider the expected generation of future taxable income, considering the history of profitability for each subsidiary individually, and for the consolidated taken as a whole. For ITAÚ UNIBANCO HOLDING, Deferred tax assets totaled R$ 1,329,764 (R$ 2,108,300 at 06/30/2018) and are mainly represented by Tax losses and social contribution loss carryforwards of R$ 887,396 (R$ 1,395,888 at 06/30/2018), Provisions for Escrow Accounts of R$ 112,708 (R$ 117,064 at 06/30/2018), Administrative Provisions of R$ 33,038 (R$ 37,668 at 06/30/2018), Provisions for Legal, Tax and Social Security Risks of R$ 69,145 (R$ 70,366 at 06/30/2018), the realization of which is contingent upon the outcome of the respective lawsuits and Adjustment to Market Value of Trading Securities and Derivative Financial Instruments of R$ 411 (R$ 368,184 at 06/30/2018), and Goodwill on purchase of investments of R$ 192,492. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 119 b) Deferred taxes I - The Deferred Tax Asset balance and its changes, segregated based on its origin and disbursements incurred, are represented as follows: Origin Deferred Tax Assets Realization / 06/30/2019 06/30/2018 12/31/2018 Increase 06/30/2019 06/30/2018 Reversal Reflected in income 38,296,689 (8,289,986) 7,274,609 37,281,312 43,735,668 Allowance for loan losses 50,625,532 59,310,042 20,813,583 (3,814,624) 2,517,171 19,516,130 24,327,099 Related to tax losses and social contribution loss carryforwards 4,302,570 (431,391) 915,454 4,786,633 5,692,080 Provision for profit sharing 3,490,181 3,037,279 1,843,824 (1,843,824) 1,315,830 1,315,830 1,283,073 Provision for devaluation of securities with permanent impairment 3,255,491 4,072,855 1,385,944 (421,211) 335,794 1,300,527 1,625,870 Adjustment to Market Value of Trading Securities and Derivative Financial Instruments 472,040 1,075,333 115,771 (115,771) 192,814 192,814 478,010 Adjustments of operations carried out on the futures settlement market 636,669 473,990 105,210 (105,210) 263,362 263,362 228,851 Goodwill on purchase of investments 2,278,788 1,336,906 641,392 (87,958) 112,250 665,684 707,870 Provision 11,571,429 12,163,447 4,464,058 (781,408) 771,217 4,453,867 4,953,454 Civil lawsuits 3,577,093 4,407,044 1,585,884 (309,884) 57,552 1,333,552 1,798,791 Labor claims 5,720,640 5,399,336 2,037,530 (417,825) 591,132 2,210,837 2,093,983 Tax and social security contributions 2,273,696 2,357,067 840,644 (53,699) 122,533 909,478 1,060,680 Legal liabilities 1,707,741 1,203,490 675,822 (42,356) 19,951 653,417 524,445 Provision related to health insurance operations 867,394 849,034 342,636 - 4,322 346,958 342,657 Other non-deductible provisions 9,595,842 9,269,821 3,605,879 (646,233) 826,444 3,786,090 3,572,259 Reflected in stockholders’ equity 1,574,360 (156,569) 193,374 1,611,165 2,420,055 Corporate reorganizations (Note 3l) - 923,147 - - - - 313,870 Adjustment to market value of available-for-sale securities 64,639 2,269,539 182,211 (156,569) 392 26,034 1,000,611 Cash flow hedge 3,216,266 2,433,638 1,288,953 - 154,383 1,443,336 1,104,146 Post-employment benefits 354,489 3,504 103,196 - 38,599 141,795 1,428 (*) 88,136,501 98,422,025 39,871,049 (8,446,555) 7,467,983 38,892,477 46,155,723 Total Social contribution for offsetting arising from Option established in article 8º of 603,475 (4,583) - 5 98,892 6 04,699 Provisional Measure nº. 2,158-35 of August 24, 2001 (*) The accounting records of deferred tax assets on income tax losses and/or social contribution loss carryforwards, as well as those arising from temporary differences, are based on technical feasibility studies which consider the expected generation of future taxable income, considering the history of profitability for each subsidiary individually, and for the consolidated taken as a whole. For ITAÚ UNIBANCO HOLDING, Deferred tax assets totaled R$ 1,329,764 (R$ 2,108,300 at 06/30/2018) and are mainly represented by Tax losses and social contribution loss carryforwards of R$ 887,396 (R$ 1,395,888 at 06/30/2018), Provisions for Escrow Accounts of R$ 112,708 (R$ 117,064 at 06/30/2018), Administrative Provisions of R$ 33,038 (R$ 37,668 at 06/30/2018), Provisions for Legal, Tax and Social Security Risks of R$ 69,145 (R$ 70,366 at 06/30/2018), the realization of which is contingent upon the outcome of the respective lawsuits and Adjustment to Market Value of Trading Securities and Derivative Financial Instruments of R$ 411 (R$ 368,184 at 06/30/2018), and Goodwill on purchase of investments of R$ 192,492. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 119

II - Provision for Deferred Income Tax and Social Contribution balance and the changes therein changes are shown as follows: Realization / 12/31/2018 Increase 06/30/2019 06/30/2018 Reversal Reflected in income 5,532,962 ( 3,191,761) 3,950,847 6,292,048 5,305,743 Depreciation in excess – leasing 345,754 (59,718) - 286,036 535,139 Restatement of escrow deposits for legal obligations and provision 1,348,337 (17,639) 27,930 1,358,628 1,335,087 Post-employment benefits 287,361 (25,585) 4,623 266,399 300,779 Adjustments to market value of trading securities and derivative financial 2,007,291 (2,007,291) 2,811,353 2,811,353 1,185,839 instruments Adjustments of operations carried out on the future settlement market 1,020,024 ( 1,020,025) 1,063,328 1,063,327 1,567,064 Taxation of results abroad – capital gains 1,330 (200) - 1,130 3,286 Other 522,865 (61,303) 43,613 505,175 378,549 Reflected in stockholders’ equity 336,833 (115) 805,760 1,142,478 170,780 Adjustments to market value of available-for-sale securities 330,028 (115) 805,095 1,135,008 150,782 Post-employment benefits 6,805 - 665 7,470 19,998 Total 5,869,795 (3,191,876) 4,756,607 7,434,526 5,476,523 At ITAÚ UNIBANCO HOLDING, the Provisions for Deferred Taxes and Contributions total R$ 215,911 (R$ 10,814 at 06/30/2018) and are basically comprised of Restatement of escrow deposits for legal obligations and contingent liabilities of R$ 3,895 (R$ 3,919 at 06/30/2018) and Adjustments to market value of trading securities and derivative financial instruments of R$ 192,048. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 120 II - Provision for Deferred Income Tax and Social Contribution balance and the changes therein changes are shown as follows: Realization / 12/31/2018 Increase 06/30/2019 06/30/2018 Reversal Reflected in income 5,532,962 ( 3,191,761) 3,950,847 6,292,048 5,305,743 Depreciation in excess – leasing 345,754 (59,718) - 286,036 535,139 Restatement of escrow deposits for legal obligations and provision 1,348,337 (17,639) 27,930 1,358,628 1,335,087 Post-employment benefits 287,361 (25,585) 4,623 266,399 300,779 Adjustments to market value of trading securities and derivative financial 2,007,291 (2,007,291) 2,811,353 2,811,353 1,185,839 instruments Adjustments of operations carried out on the future settlement market 1,020,024 ( 1,020,025) 1,063,328 1,063,327 1,567,064 Taxation of results abroad – capital gains 1,330 (200) - 1,130 3,286 Other 522,865 (61,303) 43,613 505,175 378,549 Reflected in stockholders’ equity 336,833 (115) 805,760 1,142,478 170,780 Adjustments to market value of available-for-sale securities 330,028 (115) 805,095 1,135,008 150,782 Post-employment benefits 6,805 - 665 7,470 19,998 Total 5,869,795 (3,191,876) 4,756,607 7,434,526 5,476,523 At ITAÚ UNIBANCO HOLDING, the Provisions for Deferred Taxes and Contributions total R$ 215,911 (R$ 10,814 at 06/30/2018) and are basically comprised of Restatement of escrow deposits for legal obligations and contingent liabilities of R$ 3,895 (R$ 3,919 at 06/30/2018) and Adjustments to market value of trading securities and derivative financial instruments of R$ 192,048. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 120

III - The estimate of realization and present value of tax credits and social contribution to offset, arising from Provisional Measure 2,158-35 of 08/24/2001 and from the Provision for Deferred Income Tax and Social Contribution existing are: Deferred tax assets Provision for Social deferred Net deferred Tax loss/social Year of realization contribution for % income tax % % Temporary taxes % contribution loss % Total % offsetting and social differences carryforwards contribution 2019 5 ,873,644 17% 2 ,303,439 48% 8 ,177,083 21% 3 69,922 62% ( 1,060,331) 14% 7 ,486,674 23% 2020 1 3,472,387 40% 8 38,761 17% 1 4,311,148 37% 1 84,048 31% ( 1,035,908) 14% 1 3,459,288 42% 2021 8 ,310,516 24% 9 6,802 2% 8 ,407,318 22% 544 0% ( 523,083) 7% 7,884,779 25% 2022 5 95,090 2% 1 77,238 4% 7 72,328 2% 4 3,824 7% ( 1,414,122) 19% ( 597,970) -2% 2023 4 49,400 1% 8 6,614 2% 5 36,014 1% - 0% ( 264,415) 4% 271,599 1% after 2023 5 ,404,807 16% 1 ,283,779 27% 6 ,688,586 17% 554 0% ( 3,136,667) 42% 3 ,552,473 11% Total 3 4,105,844 100% 4 ,786,633 100% 3 8,892,477 100% 5 98,892 100% ( 7,434,526) 100% 3 2,056,843 100% (*) Present value 3 1,756,753 4,438,628 36,195,381 581,751 (6,620,469) 3 0,156,663 (*) The average funding rate, net of tax effects, was used to determine the present value. The projections of future taxable income include estimates related to macroeconomic variables, exchange rates, interest rates, volume of financial operations and service fees and others, which can vary in relation to actual data and amounts. Net income in the financial statements is not directly related to the taxable income for income tax and social contribution, due to differences between the accounting criteria and tax legislation, in addition to corporate aspects. Accordingly, it is recommended that changes in realization of deferred tax assets presented below is not considered as an indication of future net income. IV- At June 30, 2018, the temporary effects brought by Law nº. 13,169/15 were considered, which increased the social contribution tax rate from 15% to 20% until December 31, 2018, and tax credits were recognized based on their likelihood of realization. As at 06/30/2019 and 06/30/2018, there are no unrecognized tax credits. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 121 III - The estimate of realization and present value of tax credits and social contribution to offset, arising from Provisional Measure 2,158-35 of 08/24/2001 and from the Provision for Deferred Income Tax and Social Contribution existing are: Deferred tax assets Provision for Social deferred Net deferred Tax loss/social Year of realization contribution for % income tax % % Temporary taxes % contribution loss % Total % offsetting and social differences carryforwards contribution 2019 5 ,873,644 17% 2 ,303,439 48% 8 ,177,083 21% 3 69,922 62% ( 1,060,331) 14% 7 ,486,674 23% 2020 1 3,472,387 40% 8 38,761 17% 1 4,311,148 37% 1 84,048 31% ( 1,035,908) 14% 1 3,459,288 42% 2021 8 ,310,516 24% 9 6,802 2% 8 ,407,318 22% 544 0% ( 523,083) 7% 7,884,779 25% 2022 5 95,090 2% 1 77,238 4% 7 72,328 2% 4 3,824 7% ( 1,414,122) 19% ( 597,970) -2% 2023 4 49,400 1% 8 6,614 2% 5 36,014 1% - 0% ( 264,415) 4% 271,599 1% after 2023 5 ,404,807 16% 1 ,283,779 27% 6 ,688,586 17% 554 0% ( 3,136,667) 42% 3 ,552,473 11% Total 3 4,105,844 100% 4 ,786,633 100% 3 8,892,477 100% 5 98,892 100% ( 7,434,526) 100% 3 2,056,843 100% (*) Present value 3 1,756,753 4,438,628 36,195,381 581,751 (6,620,469) 3 0,156,663 (*) The average funding rate, net of tax effects, was used to determine the present value. The projections of future taxable income include estimates related to macroeconomic variables, exchange rates, interest rates, volume of financial operations and service fees and others, which can vary in relation to actual data and amounts. Net income in the financial statements is not directly related to the taxable income for income tax and social contribution, due to differences between the accounting criteria and tax legislation, in addition to corporate aspects. Accordingly, it is recommended that changes in realization of deferred tax assets presented below is not considered as an indication of future net income. IV- At June 30, 2018, the temporary effects brought by Law nº. 13,169/15 were considered, which increased the social contribution tax rate from 15% to 20% until December 31, 2018, and tax credits were recognized based on their likelihood of realization. As at 06/30/2019 and 06/30/2018, there are no unrecognized tax credits. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 121

c) Tax and social security contributions 06/30/2019 06/30/2018 Taxes and contributions on income payable 3,463,486 2,735,129 Other Taxes and Contributions payable 1,865,849 1,882,308 Provision for deferred income tax and social contribution (Note 11b II) 7,434,526 5,476,523 Legal liabilities (Note 9b IV) 4,647,840 4,505,910 Total 17,411,701 14,599,870 At ITAÚ UNIBANCO HOLDING, the balance of tax and social security contributions totals R$ 680,805 (R$ 561,085 at 06/30/2018) and is mainly comprised of Taxes and contributions on income payable and Other Taxes and Contributions payable of R$ 449,367 (R$ 535,343 at 06/30/2018) and Provision for deferred income tax and social contribution R$ 215,911 (R$ 10,814 at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 122 c) Tax and social security contributions 06/30/2019 06/30/2018 Taxes and contributions on income payable 3,463,486 2,735,129 Other Taxes and Contributions payable 1,865,849 1,882,308 Provision for deferred income tax and social contribution (Note 11b II) 7,434,526 5,476,523 Legal liabilities (Note 9b IV) 4,647,840 4,505,910 Total 17,411,701 14,599,870 At ITAÚ UNIBANCO HOLDING, the balance of tax and social security contributions totals R$ 680,805 (R$ 561,085 at 06/30/2018) and is mainly comprised of Taxes and contributions on income payable and Other Taxes and Contributions payable of R$ 449,367 (R$ 535,343 at 06/30/2018) and Provision for deferred income tax and social contribution R$ 215,911 (R$ 10,814 at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 122

Note 12 – Permanent Assets (1) a) Investment - Change of investments - ITAÚ UNIBANCO HOLDING Balance at 12/31/2018 Changes 06/30/2019 Book value Equity in earnings of subisidiaries Exchange Equity in Exchange Variation and Dividends / Adjustments earnings of Variation and Hedge of net Functional Amortizati interest on Adjustments in marketable Balance at Balance at subsidiaries Hedge of net Companies Adjustments Unrealized investment – Net Unrealized currency Goodwill Total on of capital under securities of 06/30/2019 06/30/2018 from 01/01 Stockholders' investment – (4) under investor results Income/(Loss) results Total Functional paid/provide investor equity goodwill subsidiaries to Functional (2) for the period and other currency criteria (3) (2) d for and other 06/30/2018 currency criteria other than the other than the Real Real Domestic 100,750,003 810,186 762,240 (84,365) - 102,238,064 - ( 2,070,008) 11,774,161 90,111 12,533 11,876,805 (177,195) 1,034,384 112,902,050 96,925,937 7,481,136 Itaú Unibanco S.A. 85,697,840 814,997 687,089 ( 40,613) - 87,159,313 - ( 2,050,000) 10,092,277 85,100 6,187 10,183,564 (173,638) 796,732 95,915,971 81,739,085 6,173,885 Banco Itaucard S.A. 9,326,105 80 6,303 (38,325) - 9,294,163 - - 1,077,987 1,030 5,806 1,084,823 (1,845) 166,556 10,543,697 9,209,877 757,834 Banco Itaú BBA S.A. 2,155,294 (4,349) 58,209 ( 5,427) - 2,203,727 - - 314,344 3,898 542 318,784 (1,576) 71,347 2,592,282 2,456,372 287,291 Itaú Consult. de Valores Mobiliários e Part. S.A. 2,319,729 (542) - - - 2,319,187 - (7) 148,764 1 (2) 148,763 (136) (1) 2,467,806 2,189,473 117,821 Itaú Corretora de Valores S.A. 1,251,029 - 10,639 - - 1,261,668 - ( 20,000) 140,788 82 - 140,870 - (250) 1,382,288 1,331,120 144,304 Itaú Seguros S.A. 6 - - - - 6 - (1) 1 - - 1 - - 6 10 1 6,892,999 837,501 - (10,571) 327,393 8,047,322 ( 22,579) (124,943) 416,845 - 418 417,263 (145,346) 3,159 8,174,876 8,240,178 434,539 Foreign Itaú Corpbanca Chilean peso 3,231,204 488,128 - - 327,393 4,046,725 ( 22,579) (66,410) 30,575 - ( 186) 30,389 39,485 (521) 4,027,089 4,244,744 13,188 BICSA Holdings, LTD. Chilean peso 1,775,118 246,661 - ( 10,571) - 2,011,208 - - ( 11,059) - 604 (10,455) 17,536 (2) 2,018,287 2,024,572 81,444 Banco Itaú Uruguay S.A. 1,586,997 84,876 - - - 1,671,873 - - 307,395 - - 307,395 (171,545) 3,668 1,811,391 1,667,454 254,442 Uruguayan peso OCA S.A. Uruguayan peso 299,680 17,836 - - - 317,516 - ( 58,533) 89,934 - - 89,934 (30,822) 14 318,109 303,408 85,465 Grand total 107,643,002 1,647,687 762,240 (94,936) 327,393 110,285,386 (22,579) ( 2,194,951) 12,191,006 90,111 12,951 12,294,068 (322,541) 1,037,543 121,076,926 105,166,115 7,915,675 (1) Itaú Unibanco Holding S.A. - Cayman Branch, consolidated in these financial statements, has its functional currency equal to that of the controlling company. The exchange variation of this investment is R$ (13,305) thousand (R$ 120,407 thousand from January 1 to June 30, 2018) and is allocated in the heading Securities and Derivative Financial Instruments in the Statement of Income; (2) Adjustment arising from the standardization of the investee’s financial statements according to the investor’s accounting policies; (3) Dividends approved and not paid are recorded as Dividends receivable; (4) The exchange variation of indirect investments in functional currency equal to the controlling company corresponds to R$ (710,416) (R$ 9,375,968 from January 1 to june 30, 2018). Net Number of shares/quotas owned by Equity share in capital Stockholders’ Companies Capital Income/(Loss) ITAÚ UNIBANCO HOLDING 06/30/2019 (%) equity for the period Common Preferred Quotas Voting Share Domestic Itaú Unibanco S.A. 61,925,426 95,950,395 10,092,277 2,932,936,995 2,840,549,071 - 100.00 100.00 Banco Itaucard S.A. 4,608,000 10,576,215 1,077,987 237,962,639,781 1,277,933,118 - 99.99 99.99 Banco Itaú BBA S.A. 1,490,000 2,597,167 314,344 4,474,435 4,474,436 - 99.99 99.99 Itaú Consult. de Valores Mobiliários e Part. S.A. 1,328,562 2,467,806 148,764 548,954 1,097,907 - 100.00 100.00 Itaú Corretora de Valores S.A. 802,482 1,382,288 140,788 27,482,523 811,503 - 99.99 99.99 Itaú Seguros S.A. 1,438,000 2,245,274 433,702 297 1 - 0.01 0.01 Foreign Itaú CorpBanca 10,521,243 16,581,010 136,186 115,039,610,411 - - 22.45 22.45 BICSA Holdings, LTD. 1,267,925 2,028,254 (11,059) - - 330,860,745 99.99 99.99 Banco Itaú Uruguay S.A. 485,360 1,811,391 307,395 4,465,133,954 - - 100.00 100.00 OCA S.A. 16,343 318,110 89,934 1,503,496,740 - - 100.00 100.00 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 123 Note 12 – Permanent Assets (1) a) Investment - Change of investments - ITAÚ UNIBANCO HOLDING Balance at 12/31/2018 Changes 06/30/2019 Book value Equity in earnings of subisidiaries Exchange Equity in Exchange Variation and Dividends / Adjustments earnings of Variation and Hedge of net Functional Amortizati interest on Adjustments in marketable Balance at Balance at subsidiaries Hedge of net Companies Adjustments Unrealized investment – Net Unrealized currency Goodwill Total on of capital under securities of 06/30/2019 06/30/2018 from 01/01 Stockholders' investment – (4) under investor results Income/(Loss) results Total Functional paid/provide investor equity goodwill subsidiaries to Functional (2) for the period and other currency criteria (3) (2) d for and other 06/30/2018 currency criteria other than the other than the Real Real Domestic 100,750,003 810,186 762,240 (84,365) - 102,238,064 - ( 2,070,008) 11,774,161 90,111 12,533 11,876,805 (177,195) 1,034,384 112,902,050 96,925,937 7,481,136 Itaú Unibanco S.A. 85,697,840 814,997 687,089 ( 40,613) - 87,159,313 - ( 2,050,000) 10,092,277 85,100 6,187 10,183,564 (173,638) 796,732 95,915,971 81,739,085 6,173,885 Banco Itaucard S.A. 9,326,105 80 6,303 (38,325) - 9,294,163 - - 1,077,987 1,030 5,806 1,084,823 (1,845) 166,556 10,543,697 9,209,877 757,834 Banco Itaú BBA S.A. 2,155,294 (4,349) 58,209 ( 5,427) - 2,203,727 - - 314,344 3,898 542 318,784 (1,576) 71,347 2,592,282 2,456,372 287,291 Itaú Consult. de Valores Mobiliários e Part. S.A. 2,319,729 (542) - - - 2,319,187 - (7) 148,764 1 (2) 148,763 (136) (1) 2,467,806 2,189,473 117,821 Itaú Corretora de Valores S.A. 1,251,029 - 10,639 - - 1,261,668 - ( 20,000) 140,788 82 - 140,870 - (250) 1,382,288 1,331,120 144,304 Itaú Seguros S.A. 6 - - - - 6 - (1) 1 - - 1 - - 6 10 1 6,892,999 837,501 - (10,571) 327,393 8,047,322 ( 22,579) (124,943) 416,845 - 418 417,263 (145,346) 3,159 8,174,876 8,240,178 434,539 Foreign Itaú Corpbanca Chilean peso 3,231,204 488,128 - - 327,393 4,046,725 ( 22,579) (66,410) 30,575 - ( 186) 30,389 39,485 (521) 4,027,089 4,244,744 13,188 BICSA Holdings, LTD. Chilean peso 1,775,118 246,661 - ( 10,571) - 2,011,208 - - ( 11,059) - 604 (10,455) 17,536 (2) 2,018,287 2,024,572 81,444 Banco Itaú Uruguay S.A. 1,586,997 84,876 - - - 1,671,873 - - 307,395 - - 307,395 (171,545) 3,668 1,811,391 1,667,454 254,442 Uruguayan peso OCA S.A. Uruguayan peso 299,680 17,836 - - - 317,516 - ( 58,533) 89,934 - - 89,934 (30,822) 14 318,109 303,408 85,465 Grand total 107,643,002 1,647,687 762,240 (94,936) 327,393 110,285,386 (22,579) ( 2,194,951) 12,191,006 90,111 12,951 12,294,068 (322,541) 1,037,543 121,076,926 105,166,115 7,915,675 (1) Itaú Unibanco Holding S.A. - Cayman Branch, consolidated in these financial statements, has its functional currency equal to that of the controlling company. The exchange variation of this investment is R$ (13,305) thousand (R$ 120,407 thousand from January 1 to June 30, 2018) and is allocated in the heading Securities and Derivative Financial Instruments in the Statement of Income; (2) Adjustment arising from the standardization of the investee’s financial statements according to the investor’s accounting policies; (3) Dividends approved and not paid are recorded as Dividends receivable; (4) The exchange variation of indirect investments in functional currency equal to the controlling company corresponds to R$ (710,416) (R$ 9,375,968 from January 1 to june 30, 2018). Net Number of shares/quotas owned by Equity share in capital Stockholders’ Companies Capital Income/(Loss) ITAÚ UNIBANCO HOLDING 06/30/2019 (%) equity for the period Common Preferred Quotas Voting Share Domestic Itaú Unibanco S.A. 61,925,426 95,950,395 10,092,277 2,932,936,995 2,840,549,071 - 100.00 100.00 Banco Itaucard S.A. 4,608,000 10,576,215 1,077,987 237,962,639,781 1,277,933,118 - 99.99 99.99 Banco Itaú BBA S.A. 1,490,000 2,597,167 314,344 4,474,435 4,474,436 - 99.99 99.99 Itaú Consult. de Valores Mobiliários e Part. S.A. 1,328,562 2,467,806 148,764 548,954 1,097,907 - 100.00 100.00 Itaú Corretora de Valores S.A. 802,482 1,382,288 140,788 27,482,523 811,503 - 99.99 99.99 Itaú Seguros S.A. 1,438,000 2,245,274 433,702 297 1 - 0.01 0.01 Foreign Itaú CorpBanca 10,521,243 16,581,010 136,186 115,039,610,411 - - 22.45 22.45 BICSA Holdings, LTD. 1,267,925 2,028,254 (11,059) - - 330,860,745 99.99 99.99 Banco Itaú Uruguay S.A. 485,360 1,811,391 307,395 4,465,133,954 - - 100.00 100.00 OCA S.A. 16,343 318,110 89,934 1,503,496,740 - - 100.00 100.00 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 123

b) Fixed assets, goodwill and intangible assets I) Fixed assets (2) (3) Other fixed assets Real estate in use Fixed assets Other (1) under Total Real estate in use Furniture and Data processing (communication, (3) (3) Land Buildings Improvements Installations construction equipment systems security and transportation) Annual depreciation rates 4% 10% 10 a 20% 10 a 20% 20 a 50% 10 a 20% Cost Balance at 12/31/2018 553,851 905,877 3,041,086 2,444,358 1,989,243 1,145,207 7,035,746 1,252,778 18,368,146 Acquisitions 200,988 5,276 1,400 14,454 1,825 30,980 475,497 40,182 770,602 Disposals - (2,388) (6,382) (14,570) (1,283) (1,392) (80,142) (418) (106,575) Exchange variation (1,764) (535) 1,318 (7,467) (1,612) (10,639) (46,558) (1,153) (68,410) Transfers (67,874) - 5,170 52,023 10,681 - - - - Other (28,395) (26,045) (191,133) 672 (279,149) (3,335) (118,804) 1,329 (644,860) Balance at 06/30/2019 656,806 882,185 2,851,459 2,489,470 1,719,705 1,160,821 7,265,739 1,292,718 18,318,903 Depreciation Balance at 12/31/2018 - - (1,928,265) (1,629,792) (1,290,935) (778,916) (5,473,194) (862,403) (11,963,505) Depreciation expenses - - (36,979) (86,906) (68,526) (44,428) (356,392) (62,014) (655,245) Disposals - - 3,170 8,356 492 1,197 59,883 315 73,413 Exchange variation - - 806 19,434 2,821 10,449 14,641 111 48,262 Other - - 161,944 8 266,737 2,893 95,591 (1,429) 525,744 Balance at 06/30/2019 - - (1,799,324) (1,688,900) (1,089,411) (808,805) (5,659,471) (925,420) (11,971,331) Book value (4) Balance at 06/30/2019 656,806 882,185 1,052,135 800,570 630,294 352,016 1,606,268 367,298 6,347,572 (4) Balance at 06/30/2018 446,261 982,630 1,188,850 812,652 750,487 422,833 1,298,805 377,855 6,280,373 (1) The contractual commitments for the purchase of the fixed assets totaled R$ 660, achievable by 2019; (2) Includes amounts pledged in guarantee of voluntary deposits; (3) Includes the amount of R$ 3,040 at 06/30/2018 related to attached real estate. (4) During the period, there was no impairment of assets recorded in Fixed assets. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 124 b) Fixed assets, goodwill and intangible assets I) Fixed assets (2) (3) Other fixed assets Real estate in use Fixed assets Other (1) under Total Real estate in use Furniture and Data processing (communication, (3) (3) Land Buildings Improvements Installations construction equipment systems security and transportation) Annual depreciation rates 4% 10% 10 a 20% 10 a 20% 20 a 50% 10 a 20% Cost Balance at 12/31/2018 553,851 905,877 3,041,086 2,444,358 1,989,243 1,145,207 7,035,746 1,252,778 18,368,146 Acquisitions 200,988 5,276 1,400 14,454 1,825 30,980 475,497 40,182 770,602 Disposals - (2,388) (6,382) (14,570) (1,283) (1,392) (80,142) (418) (106,575) Exchange variation (1,764) (535) 1,318 (7,467) (1,612) (10,639) (46,558) (1,153) (68,410) Transfers (67,874) - 5,170 52,023 10,681 - - - - Other (28,395) (26,045) (191,133) 672 (279,149) (3,335) (118,804) 1,329 (644,860) Balance at 06/30/2019 656,806 882,185 2,851,459 2,489,470 1,719,705 1,160,821 7,265,739 1,292,718 18,318,903 Depreciation Balance at 12/31/2018 - - (1,928,265) (1,629,792) (1,290,935) (778,916) (5,473,194) (862,403) (11,963,505) Depreciation expenses - - (36,979) (86,906) (68,526) (44,428) (356,392) (62,014) (655,245) Disposals - - 3,170 8,356 492 1,197 59,883 315 73,413 Exchange variation - - 806 19,434 2,821 10,449 14,641 111 48,262 Other - - 161,944 8 266,737 2,893 95,591 (1,429) 525,744 Balance at 06/30/2019 - - (1,799,324) (1,688,900) (1,089,411) (808,805) (5,659,471) (925,420) (11,971,331) Book value (4) Balance at 06/30/2019 656,806 882,185 1,052,135 800,570 630,294 352,016 1,606,268 367,298 6,347,572 (4) Balance at 06/30/2018 446,261 982,630 1,188,850 812,652 750,487 422,833 1,298,805 377,855 6,280,373 (1) The contractual commitments for the purchase of the fixed assets totaled R$ 660, achievable by 2019; (2) Includes amounts pledged in guarantee of voluntary deposits; (3) Includes the amount of R$ 3,040 at 06/30/2018 related to attached real estate. (4) During the period, there was no impairment of assets recorded in Fixed assets. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 124

II) Goodwill and Intangible assets (1) Intangible assets Goodwill and Association for the intagible from Other intangible Total promotion and offer Internally developed Software Acquired (2) acquisition of financial products software assets and services Annual amortization rates Até 20% 8% 20% 20% 10% a 20% Cost Balance at 12/31/2018 11,207,941 2,498,530 5,051,918 4,528,509 2,306,861 25,593,759 Acquisitions - 100 455,524 500,808 242,354 1,198,786 Disposals (28,904) - (76,815) - (83,737) (189,456) Exchange variation 62,379 1,761 3,987 - (1,965) 66,162 Other (32,456) ( 724) 109,160 - 21,369 97,349 Balance at 06/30/2019 11,208,960 2,499,667 5,543,774 5,029,317 2,484,882 26,766,600 Amortization Balance at 12/31/2018 (3,904,790) ( 842,708) (2,426,963) (1,822,651) (1,004,531) (10,001,643) (3) Amortization expenses (642,560) ( 108,296) (323,508) (336,631) (155,512) (1,566,507) Disposals 28,904 - 21,744 - 83,737 134,385 Exchange variation (11,691) 77 1,501 - 4,161 (5,952) Other 22,123 4,621 (60,406) - (11,011) (44,673) Balance at 06/30/2019 (4,508,014) ( 946,306) (2,787,632) (2,159,282) (1,083,156) (11,484,390) Impairment (Note 10i) Balance at 12/31/2018 - - (225,751) (342,835) - (568,586) Additions / assumptions - - - - - - Disposals - - 58,748 - - 58,748 Exchange variation - - - - - - Balance at 06/30/2019 - - (167,003) (342,835) - (509,838) Book value Balance at 06/30/2019 6,700,946 1,553,361 2,589,139 2,527,200 1,401,726 14,772,372 Balance at 06/30/2018 8,251,552 1,857,886 2,474,901 2,568,386 1,192,998 16,345,723 (1) The contractual commitments for the purchase of the new intangible assets totaled R$ 454,758 achievable by 2020; (2) Includes amounts paid for acquisition of rights to provide services of payment of salaries, proceeds, retirement and pension benefits and similar benefits; (3) Amortization expenses related to the rights for acquisition of payrolls and associations, in the amount of R$ (247,552) (R$ (219,031) from 01/01 to 06/30/2018) are disclosed in the expenses on financial operation. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 125 II) Goodwill and Intangible assets (1) Intangible assets Goodwill and Association for the intagible from Other intangible Total promotion and offer Internally developed Software Acquired (2) acquisition of financial products software assets and services Annual amortization rates Até 20% 8% 20% 20% 10% a 20% Cost Balance at 12/31/2018 11,207,941 2,498,530 5,051,918 4,528,509 2,306,861 25,593,759 Acquisitions - 100 455,524 500,808 242,354 1,198,786 Disposals (28,904) - (76,815) - (83,737) (189,456) Exchange variation 62,379 1,761 3,987 - (1,965) 66,162 Other (32,456) ( 724) 109,160 - 21,369 97,349 Balance at 06/30/2019 11,208,960 2,499,667 5,543,774 5,029,317 2,484,882 26,766,600 Amortization Balance at 12/31/2018 (3,904,790) ( 842,708) (2,426,963) (1,822,651) (1,004,531) (10,001,643) (3) Amortization expenses (642,560) ( 108,296) (323,508) (336,631) (155,512) (1,566,507) Disposals 28,904 - 21,744 - 83,737 134,385 Exchange variation (11,691) 77 1,501 - 4,161 (5,952) Other 22,123 4,621 (60,406) - (11,011) (44,673) Balance at 06/30/2019 (4,508,014) ( 946,306) (2,787,632) (2,159,282) (1,083,156) (11,484,390) Impairment (Note 10i) Balance at 12/31/2018 - - (225,751) (342,835) - (568,586) Additions / assumptions - - - - - - Disposals - - 58,748 - - 58,748 Exchange variation - - - - - - Balance at 06/30/2019 - - (167,003) (342,835) - (509,838) Book value Balance at 06/30/2019 6,700,946 1,553,361 2,589,139 2,527,200 1,401,726 14,772,372 Balance at 06/30/2018 8,251,552 1,857,886 2,474,901 2,568,386 1,192,998 16,345,723 (1) The contractual commitments for the purchase of the new intangible assets totaled R$ 454,758 achievable by 2020; (2) Includes amounts paid for acquisition of rights to provide services of payment of salaries, proceeds, retirement and pension benefits and similar benefits; (3) Amortization expenses related to the rights for acquisition of payrolls and associations, in the amount of R$ (247,552) (R$ (219,031) from 01/01 to 06/30/2018) are disclosed in the expenses on financial operation. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 125

Note 13 – Stockholders' equity a) Capital Capital is represented by 9,804,135,348 book-entry shares with no par value, of which 4,958,290,359 are common and 4,845,844,989 are preferred shares with no voting rights, but with tag-along rights, in the event of disposal of control, to be included in a public offering of shares, so as to ensure the price equal to eighty per cent (80%) of the amount paid per share with voting rights in the controlling stake, as well as a dividend at least equal to that of the common shares. In Meetings of the Board of Directors held on 02/22/2018, cancellations of 14,424,206, were approved, of common shares of own issue and shares held in treasury, with no change in capital, upon capitalization of amounts recorded in Revenue Reserves – Statutory Reserve. The Extraordinary Stockholders’ Meeting – ESM held on July 27, 2018 approved the split in 50% the ITAÚ UNIBANCO HOLDING's shares of capital stock, and the process was approved by BACEN on October 31, 2018. The new shares were included in the share position on November 26, 2018. Thus, for better comparability, the number of shares presented in this item are affected by the split effect. The breakdown and change in shares of paid-in capital in the beginning and end of the period are shown below: Number Amount Common Preferred Total Residents in Brazil at 12/31/2018 4 ,928,076,320 1 ,609,055,166 6 ,537,131,486 64,775,651 Residents abroad at 12/31/2018 3 0,214,039 3 ,236,789,823 3 ,267,003,862 3 2,372,349 Shares of capital stock at 12/31/2018 4 ,958,290,359 4 ,845,844,989 9 ,804,135,348 9 7,148,000 Shares of capital stock at 06/30/2019 4 ,958,290,359 4 ,845,844,989 9 ,804,135,348 9 7,148,000 Residents in Brazil at 06/30/2019 4 ,929,949,379 1 ,689,709,446 6 ,619,658,825 65,593,404 Residents abroad at 06/30/2019 2 8,340,980 3 ,156,135,543 3 ,184,476,523 31,554,596 (1) Treasury shares at 12/31/2018 - 8 3,614,426 8 3,614,426 ( 1,819,690) Result of delivery of treasure shares - ( 22,732,346) ( 22,732,346) 4 94,721 (1) Treasury shares at 06/30/2019 - 6 0,882,080 6 0,882,080 ( 1,324,969) Outstanding shares at 06/30/2019 4 ,958,290,359 4 ,784,962,909 9 ,743,253,268 (2) 4 ,958,290,359 4 ,754,968,546 9 ,713,258,905 Outstanding shares at 06/30/2018 (1) Own shares, purchased based on authorization of the Board of Directors, to be held in Treasury for subsequent cancellation or replacement in the market. (2) For better comparability, outstanding shares in the period of 06/30/2018 were adjusted by the split approved on October 31, 2018. In 2019 there was no purchase of treasury shares in the period. See below average cost of shares in treasury and their market price in reais: 01/01 to 06/30/2019 Cost / Market value Common Preferred Average cost - 21 .76 Market value at 06/30/2019 31.13 36 .26 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 126 Note 13 – Stockholders' equity a) Capital Capital is represented by 9,804,135,348 book-entry shares with no par value, of which 4,958,290,359 are common and 4,845,844,989 are preferred shares with no voting rights, but with tag-along rights, in the event of disposal of control, to be included in a public offering of shares, so as to ensure the price equal to eighty per cent (80%) of the amount paid per share with voting rights in the controlling stake, as well as a dividend at least equal to that of the common shares. In Meetings of the Board of Directors held on 02/22/2018, cancellations of 14,424,206, were approved, of common shares of own issue and shares held in treasury, with no change in capital, upon capitalization of amounts recorded in Revenue Reserves – Statutory Reserve. The Extraordinary Stockholders’ Meeting – ESM held on July 27, 2018 approved the split in 50% the ITAÚ UNIBANCO HOLDING's shares of capital stock, and the process was approved by BACEN on October 31, 2018. The new shares were included in the share position on November 26, 2018. Thus, for better comparability, the number of shares presented in this item are affected by the split effect. The breakdown and change in shares of paid-in capital in the beginning and end of the period are shown below: Number Amount Common Preferred Total Residents in Brazil at 12/31/2018 4 ,928,076,320 1 ,609,055,166 6 ,537,131,486 64,775,651 Residents abroad at 12/31/2018 3 0,214,039 3 ,236,789,823 3 ,267,003,862 3 2,372,349 Shares of capital stock at 12/31/2018 4 ,958,290,359 4 ,845,844,989 9 ,804,135,348 9 7,148,000 Shares of capital stock at 06/30/2019 4 ,958,290,359 4 ,845,844,989 9 ,804,135,348 9 7,148,000 Residents in Brazil at 06/30/2019 4 ,929,949,379 1 ,689,709,446 6 ,619,658,825 65,593,404 Residents abroad at 06/30/2019 2 8,340,980 3 ,156,135,543 3 ,184,476,523 31,554,596 (1) Treasury shares at 12/31/2018 - 8 3,614,426 8 3,614,426 ( 1,819,690) Result of delivery of treasure shares - ( 22,732,346) ( 22,732,346) 4 94,721 (1) Treasury shares at 06/30/2019 - 6 0,882,080 6 0,882,080 ( 1,324,969) Outstanding shares at 06/30/2019 4 ,958,290,359 4 ,784,962,909 9 ,743,253,268 (2) 4 ,958,290,359 4 ,754,968,546 9 ,713,258,905 Outstanding shares at 06/30/2018 (1) Own shares, purchased based on authorization of the Board of Directors, to be held in Treasury for subsequent cancellation or replacement in the market. (2) For better comparability, outstanding shares in the period of 06/30/2018 were adjusted by the split approved on October 31, 2018. In 2019 there was no purchase of treasury shares in the period. See below average cost of shares in treasury and their market price in reais: 01/01 to 06/30/2019 Cost / Market value Common Preferred Average cost - 21 .76 Market value at 06/30/2019 31.13 36 .26 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 126

b) Dividends Shareholders are entitled mandatory minimum dividends in each fiscal year, corresponding to 25% of adjusted net income, as set forth in the Bylaws. Common and preferred shares participate equally of income distributed, after common shares have received dividends equal to the annual minimum priority dividend to be paid to preferred shares (R$ 0.022 non-cumulative per share). The calculation of the monthly advance of mandatory minimum dividend is based on the share position on the last day of the prior month, taking into consideration that the payment is made on the first business day of the subsequent month, amounting to R$ 0.015 per share. I - Calculation of dividends and interest on capital 06/30/2019 Statutory net income 1 3,504,783 Adjustments: (-) Legal reserve - 5% (675,239) Dividend calculation basis 12,829,544 Mandatory dividend - 25% 3 ,207,386 Dividends and Interest on Capital Paid/ Provided for/ Identified 8 ,542,791 II – Stockholders' compensation Gross value per Gross WTS Net share (R$) Paid / Prepaid - Dividends - 5 monthly installments paid in February to June 2019 0.0150 7 29,736 - 7 29,736 Provided for (recorded in Other liabilities – Social and statutory) 2 ,477,650 - 2 ,477,650 Dividends - 1 monthly installment paid on 07/01/2019 0.0150 1 46,148 - 1 46,148 Dividends declared 0.2393 2 ,331,502 - 2 ,331,502 Identified in Revenue Reserve In Stockholders’ Equity 0.5476 5 ,335,405 - 5 ,335,405 Total from 01/01 to 06/30/2019 8 ,542,791 - 8 ,542,791 Total from 01/01 to 06/30/2018 5 ,434,711 ( 121,581) 5 ,313,130 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 127 b) Dividends Shareholders are entitled mandatory minimum dividends in each fiscal year, corresponding to 25% of adjusted net income, as set forth in the Bylaws. Common and preferred shares participate equally of income distributed, after common shares have received dividends equal to the annual minimum priority dividend to be paid to preferred shares (R$ 0.022 non-cumulative per share). The calculation of the monthly advance of mandatory minimum dividend is based on the share position on the last day of the prior month, taking into consideration that the payment is made on the first business day of the subsequent month, amounting to R$ 0.015 per share. I - Calculation of dividends and interest on capital 06/30/2019 Statutory net income 1 3,504,783 Adjustments: (-) Legal reserve - 5% (675,239) Dividend calculation basis 12,829,544 Mandatory dividend - 25% 3 ,207,386 Dividends and Interest on Capital Paid/ Provided for/ Identified 8 ,542,791 II – Stockholders' compensation Gross value per Gross WTS Net share (R$) Paid / Prepaid - Dividends - 5 monthly installments paid in February to June 2019 0.0150 7 29,736 - 7 29,736 Provided for (recorded in Other liabilities – Social and statutory) 2 ,477,650 - 2 ,477,650 Dividends - 1 monthly installment paid on 07/01/2019 0.0150 1 46,148 - 1 46,148 Dividends declared 0.2393 2 ,331,502 - 2 ,331,502 Identified in Revenue Reserve In Stockholders’ Equity 0.5476 5 ,335,405 - 5 ,335,405 Total from 01/01 to 06/30/2019 8 ,542,791 - 8 ,542,791 Total from 01/01 to 06/30/2018 5 ,434,711 ( 121,581) 5 ,313,130 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 127

c) Capital reserves and revenue reserves - ITAÚ UNIBANCO HOLDING 06/30/2019 06/30/2018 Capital reserves 1,713,439 1,586,364 Premium on subscription of shares 283,512 283,512 Share-based payment plan 1,428,822 1,301,747 Reserves from tax incentives and restatement of equity securities and other 1,105 1,105 Revenue reserves 28,206,603 27,063,438 (1) Legal 10,665,431 9,390,215 (2) Statutory 12,205,767 14,722,230 (3) Special revenue reserves 5,335,405 2,950,993 Total reserves (1) It purpose is to ensure the integrity of capital, compensate loss or increase capital. (2) Its main purpose is to ensure the remuneration flow to shareholders. (3) Refers to Dividends or Interest on Capital declared after 06/30/2019 and 06/30/2018. d) Reconciliation of net income and stockholders’ equity (Note 2b) Net income Stockholders’ equity 01/01 to 01/01 to 06/30/2019 06/30/2018 06/30/2019 06/30/2018 ITAÚ UNIBANCO HOLDING 1 3,504,783 9 ,945,840 1 25,787,616 1 22,621,644 Amortization of goodwill 1 11,705 1 09,948 (5 0,578) (254,657) Corporate reorganizations (Note 3l) - 9 23,146 - (609,276) Conversion adjustments of foreign investments (Note 3s) (9 1,875) 1 ,545,474 - - Foreign exchange variations of investments (438) (2 38) - - Hedge of net investments in foreign operations (159,705) 2,701,499 - - Tax effects – hedge of net investments in foreign operations 68,268 (1 ,155,787) - - 1 3,524,613 1 2,524,408 125,737,038 1 21,757,711 ITAÚ UNIBANCO HOLDING CONSOLIDATED e) Asset valuation adjustments - ITAÚ UNIBANCO HOLDING CONSOLIDATED 06/30/2019 06/30/2018 Available-for-sale securities 1,571,751 (1,348,728) Hedge cash flow (1 ,799,708) (1,459,619) Remeasurements in liabilities of post-employment benefits (1 ,064,845) (8 38,665) Foreign exchange variation on investments abroad / Hedge of net investment in foreign operations (682,653) (2 44,875) (*) Asset valuation adjustments (1 ,975,455) (3 ,891,887) (*) Net of tax effects. f) Non-controlling interests Stockholders’ equity Net Income 01/01 to 01/01 to 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Itaú CorpBanca (Note 2c) 10,257,785 11,092,904 (84,251) (37,576) Itaú CorpBanca Colombia S.A. (Note 2c) 1,260,246 1,332,145 (34,747) (6,532) Financeira Itaú CBD S.A. Crédito, Financiamento e Investimento 459,852 376,164 (76,010) (42,836) Luizacred S.A. Soc. de Crédito, Financiamento e Investimento 419,171 344,684 (30,657) (42,604) Other 118,343 94,425 (31,633) (18,574) Total 12,515,397 13,240,322 (257,298) (148,122) Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 128 c) Capital reserves and revenue reserves - ITAÚ UNIBANCO HOLDING 06/30/2019 06/30/2018 Capital reserves 1,713,439 1,586,364 Premium on subscription of shares 283,512 283,512 Share-based payment plan 1,428,822 1,301,747 Reserves from tax incentives and restatement of equity securities and other 1,105 1,105 Revenue reserves 28,206,603 27,063,438 (1) Legal 10,665,431 9,390,215 (2) Statutory 12,205,767 14,722,230 (3) Special revenue reserves 5,335,405 2,950,993 Total reserves (1) It purpose is to ensure the integrity of capital, compensate loss or increase capital. (2) Its main purpose is to ensure the remuneration flow to shareholders. (3) Refers to Dividends or Interest on Capital declared after 06/30/2019 and 06/30/2018. d) Reconciliation of net income and stockholders’ equity (Note 2b) Net income Stockholders’ equity 01/01 to 01/01 to 06/30/2019 06/30/2018 06/30/2019 06/30/2018 ITAÚ UNIBANCO HOLDING 1 3,504,783 9 ,945,840 1 25,787,616 1 22,621,644 Amortization of goodwill 1 11,705 1 09,948 (5 0,578) (254,657) Corporate reorganizations (Note 3l) - 9 23,146 - (609,276) Conversion adjustments of foreign investments (Note 3s) (9 1,875) 1 ,545,474 - - Foreign exchange variations of investments (438) (2 38) - - Hedge of net investments in foreign operations (159,705) 2,701,499 - - Tax effects – hedge of net investments in foreign operations 68,268 (1 ,155,787) - - 1 3,524,613 1 2,524,408 125,737,038 1 21,757,711 ITAÚ UNIBANCO HOLDING CONSOLIDATED e) Asset valuation adjustments - ITAÚ UNIBANCO HOLDING CONSOLIDATED 06/30/2019 06/30/2018 Available-for-sale securities 1,571,751 (1,348,728) Hedge cash flow (1 ,799,708) (1,459,619) Remeasurements in liabilities of post-employment benefits (1 ,064,845) (8 38,665) Foreign exchange variation on investments abroad / Hedge of net investment in foreign operations (682,653) (2 44,875) (*) Asset valuation adjustments (1 ,975,455) (3 ,891,887) (*) Net of tax effects. f) Non-controlling interests Stockholders’ equity Net Income 01/01 to 01/01 to 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Itaú CorpBanca (Note 2c) 10,257,785 11,092,904 (84,251) (37,576) Itaú CorpBanca Colombia S.A. (Note 2c) 1,260,246 1,332,145 (34,747) (6,532) Financeira Itaú CBD S.A. Crédito, Financiamento e Investimento 459,852 376,164 (76,010) (42,836) Luizacred S.A. Soc. de Crédito, Financiamento e Investimento 419,171 344,684 (30,657) (42,604) Other 118,343 94,425 (31,633) (18,574) Total 12,515,397 13,240,322 (257,298) (148,122) Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 128

g) Share-based payment ITAÚ UNIBANCO HOLDING and its subsidiaries have share-based payment plans aimed at involving its management members and employees in the medium and long term corporate development process. The grant of these benefits are only made in years in which there are sufficient profits to enable the distribution of mandatory dividends, limiting the maximum dilutive effect to 0.5% of the total shares held by the controlling and minority stockholders at the balance sheet date. These programs are settled through the delivery of ITUB4 treasury shares to stockholders. Expenses on stock-based payment plans are presented in the table below: 01/01 to 01/01 to 06/30/2019 06/30/2018 Partner Plan (Note 10g) (145,845) (108,430) Share-based plan (217,647) (205,453) Total (363,492) (313,883) l – Partner Plan The employees and management members of ITAÚ UNIBANCO HOLDING invest a percentage of their bonus to acquire shares and share-based instruments. Accordingly, the ownership of these shares should be held by the beneficiaries for a period from three to five years, counted from the initial investment, and are thus subject to market price variation. After complying with the suspensive conditions set forth in the program, beneficiaries will be entitled to receive shares as consideration, in accordance with the numbers of shares provided for in the program regulation. The acquisition prices of shares and share-based Instruments are established every six months and are equivalent to the average of share quotation in the 30 days prior to the determination of the acquisition price, which is performed on the seventh business day prior to the remuneration grant date. The fair value of the shares as consideration is the market price at the grant date, less expected dividends. Changes in the Partner Program 01/01 to 01/01 to 06/30/2019 06/30/2018 Quantity Quantity Opening balance 48,871,182 51,074,441 New granted 8,096,700 9,912,356 Delivered (15,627,167) (11,597,420) Cancelled (865,922) (465,365) Closing balance 40,474,793 48,924,012 Weighted average of remaining contractual life (years) 2.11 2.74 Market value weighted average (R$) 25.49 26.22 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 129 g) Share-based payment ITAÚ UNIBANCO HOLDING and its subsidiaries have share-based payment plans aimed at involving its management members and employees in the medium and long term corporate development process. The grant of these benefits are only made in years in which there are sufficient profits to enable the distribution of mandatory dividends, limiting the maximum dilutive effect to 0.5% of the total shares held by the controlling and minority stockholders at the balance sheet date. These programs are settled through the delivery of ITUB4 treasury shares to stockholders. Expenses on stock-based payment plans are presented in the table below: 01/01 to 01/01 to 06/30/2019 06/30/2018 Partner Plan (Note 10g) (145,845) (108,430) Share-based plan (217,647) (205,453) Total (363,492) (313,883) l – Partner Plan The employees and management members of ITAÚ UNIBANCO HOLDING invest a percentage of their bonus to acquire shares and share-based instruments. Accordingly, the ownership of these shares should be held by the beneficiaries for a period from three to five years, counted from the initial investment, and are thus subject to market price variation. After complying with the suspensive conditions set forth in the program, beneficiaries will be entitled to receive shares as consideration, in accordance with the numbers of shares provided for in the program regulation. The acquisition prices of shares and share-based Instruments are established every six months and are equivalent to the average of share quotation in the 30 days prior to the determination of the acquisition price, which is performed on the seventh business day prior to the remuneration grant date. The fair value of the shares as consideration is the market price at the grant date, less expected dividends. Changes in the Partner Program 01/01 to 01/01 to 06/30/2019 06/30/2018 Quantity Quantity Opening balance 48,871,182 51,074,441 New granted 8,096,700 9,912,356 Delivered (15,627,167) (11,597,420) Cancelled (865,922) (465,365) Closing balance 40,474,793 48,924,012 Weighted average of remaining contractual life (years) 2.11 2.74 Market value weighted average (R$) 25.49 26.22 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 129

II- Variable Compensation In this plan, fifty percent (50%) of variable compensation of management members should be paid in cash and fifty percent (50%) should be paid in shares for a period of three years. Shares are delivered on a deferred basis, of which one-third (1/3) per year, will be contingent upon the executive’s remaining with the institution. The deferred unpaid portions may be reversed proportionally to the significant reduction of the recurring income realized or the negative income for the period. Management members become eligible for the receipt of these benefits according to individual performance, business performance or both. The benefit amount is established according to the activities of each management member that should meet at least the performance and conduct requirements. The fair value of the share is the market price at its grant date. Change in variable compensation in shares 01/01 to 01/01 to 06/30/2019 06/30/2018 Quantity Quantity Opening balance 25,016,145 31,229,973 New granted 9,791,483 10,240,672 Delivered (14,236,717) (16,611,521) Cancelled (57,273) (125,060) Closing balance 20,513,638 24,734,064 Market value weighted average (R$) 37.55 34.05 Ill – Stock Option Plan (Simple Options) ITAÚ UNIBANCO HOLDING has a Stock Option Plan (“Simple Options”), which was discontinued, and only exercisable options remain. Simple options have the following characteristics: a) Exercise price: calculated based on the average prices of shares in the three months of the year prior to the grant date. The prices determined will be inflation-adjusted to the last business day of the month prior to the option exercise date based on IGP-M or, in its absence, on an index to be determined internally, and should be paid within the period in force for the settlement of operations on B3. b) Vesting period: determined upon issue, from one to seven years, counted from the grant date. The vesting period is normally determined at five years. Change in the Simple options plan 01/01 to 06/30/2019 01/01 to 06/30/2018 Weighted Weighted Quantity average Quantity average exercise price exercise price Opening balance 3,089,599 22.30 24,514,359 25.21 Options exercisable at the end of the period 3,089,599 22.30 24,514,359 25.21 Options: (*) Canceled / Forfeited (15,590) 29.51 (1 0,530) 21.40 Exercised (616,527) 21.95 (13,934,910) 25.86 Closing balance 2,457,482 22.79 10,568,919 25.86 Options exercisable at the end of the period 2,457,482 22.79 10,568,919 25.86 Range of exercise prices Granting 2010-2011 14.47 - 28.61 Granting 2012 22.79 21.40 Weighted average of the remaining contractual life (in years) 0 .50 0.89 Market value weighted average (R$) 36.85 33.39 (*) Refers to non-exercise based on the beneficiary’s decision. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 130 II- Variable Compensation In this plan, fifty percent (50%) of variable compensation of management members should be paid in cash and fifty percent (50%) should be paid in shares for a period of three years. Shares are delivered on a deferred basis, of which one-third (1/3) per year, will be contingent upon the executive’s remaining with the institution. The deferred unpaid portions may be reversed proportionally to the significant reduction of the recurring income realized or the negative income for the period. Management members become eligible for the receipt of these benefits according to individual performance, business performance or both. The benefit amount is established according to the activities of each management member that should meet at least the performance and conduct requirements. The fair value of the share is the market price at its grant date. Change in variable compensation in shares 01/01 to 01/01 to 06/30/2019 06/30/2018 Quantity Quantity Opening balance 25,016,145 31,229,973 New granted 9,791,483 10,240,672 Delivered (14,236,717) (16,611,521) Cancelled (57,273) (125,060) Closing balance 20,513,638 24,734,064 Market value weighted average (R$) 37.55 34.05 Ill – Stock Option Plan (Simple Options) ITAÚ UNIBANCO HOLDING has a Stock Option Plan (“Simple Options”), which was discontinued, and only exercisable options remain. Simple options have the following characteristics: a) Exercise price: calculated based on the average prices of shares in the three months of the year prior to the grant date. The prices determined will be inflation-adjusted to the last business day of the month prior to the option exercise date based on IGP-M or, in its absence, on an index to be determined internally, and should be paid within the period in force for the settlement of operations on B3. b) Vesting period: determined upon issue, from one to seven years, counted from the grant date. The vesting period is normally determined at five years. Change in the Simple options plan 01/01 to 06/30/2019 01/01 to 06/30/2018 Weighted Weighted Quantity average Quantity average exercise price exercise price Opening balance 3,089,599 22.30 24,514,359 25.21 Options exercisable at the end of the period 3,089,599 22.30 24,514,359 25.21 Options: (*) Canceled / Forfeited (15,590) 29.51 (1 0,530) 21.40 Exercised (616,527) 21.95 (13,934,910) 25.86 Closing balance 2,457,482 22.79 10,568,919 25.86 Options exercisable at the end of the period 2,457,482 22.79 10,568,919 25.86 Range of exercise prices Granting 2010-2011 14.47 - 28.61 Granting 2012 22.79 21.40 Weighted average of the remaining contractual life (in years) 0 .50 0.89 Market value weighted average (R$) 36.85 33.39 (*) Refers to non-exercise based on the beneficiary’s decision. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 130

Note 14 – Related parties Transactions between related parties are carried out at amounts, terms and average rates in accordance with normal market practices during the period, as well as under reciprocal conditions. Transactions between companies and investment funds, included in consolidation (Note 2b), were eliminated and do not have effects on the consolidated statements. The principal unconsolidated related parties are as follows: · Itaú Unibanco Participações S.A. (IUPAR), Companhia E.Johnston de Participações S.A. (shareholder of IUPAR) and ITAÚSA, direct and indirect shareholders of ITAÚ UNIBANCO HOLDING; · The non-financial subsidiaries and joint ventures of ITAÚSA, in particular Duratex S.A., Itaúsa Empreendimentos S.A. and Alpargatas S.A.; · Investments in associates and joint ventures, the main ones being Porto Seguro Itaú Unibanco Participações S.A., BSF Holding S.A., IRB-Brasil Resseguros S.A. and XP Investimentos S.A.; · Itaú Unibanco Foundation – Supplementary Pensions and FUNBEP – Multisponsored Pension Fund, closed-end supplementary pension entities, that administer retirement plans sponsored by ITAÚ UNIBANCO HOLDING CONSOLIDATED, created exclusively for employees; · Foundations and Institutes maintained by donations from ITAÚ UNIBANCO HOLDING and by the proceeds generated by their assets, so that they can accomplish their objectives and to maintain their operational and administrative structure: Itaú Social Foundation – manages the “Itaú Social Program”, which aims at coordinating the organization’s role in projects of interest to the community by supporting or developing social, scientific and cultural projects, mainly in the elementary education and health areas and supports current projects and initiatives arranged or sponsored by accredited entities of the Itaú Social Program. Itaú Cultural Institute – promotes and disseminates Brazilian culture in the country and abroad. Unibanco Institute – supports projects focused on social assistance, particularly education, culture, promotion of integration into the labor market, and environmental protection, directly or as a supplement to civil institutions. Unibanco de Cinema Institute – promotes culture in general and provides access of low-income families to screenings of films, videos, video-laser discs etc, in theaters and movie clubs which it owns or manages including showings of popular movies, in particular Brazilian productions. Itaú Viver Mais Association – provides social services for the welfare of beneficiaries, on the terms defined in its Internal Regulations, and according to the funds available. These services may include the promotion of cultural, educational, sports, entertainment and healthcare activities. · Itaú Cubo Coworking Association – a partner entity of ITAÚ UNIBANCO HOLDING CONSOLIDATED its purpose is to encourage and promote the discussion and development of alternative and innovative technologies, business models and solutions; the produce and disseminate the resulting technical and scientific knowledge; the attract and bring in new information technology talents that may be characterized as startups; and to research, develop and establish ecosystems for entrepreneur and startups. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 131 Note 14 – Related parties Transactions between related parties are carried out at amounts, terms and average rates in accordance with normal market practices during the period, as well as under reciprocal conditions. Transactions between companies and investment funds, included in consolidation (Note 2b), were eliminated and do not have effects on the consolidated statements. The principal unconsolidated related parties are as follows: · Itaú Unibanco Participações S.A. (IUPAR), Companhia E.Johnston de Participações S.A. (shareholder of IUPAR) and ITAÚSA, direct and indirect shareholders of ITAÚ UNIBANCO HOLDING; · The non-financial subsidiaries and joint ventures of ITAÚSA, in particular Duratex S.A., Itaúsa Empreendimentos S.A. and Alpargatas S.A.; · Investments in associates and joint ventures, the main ones being Porto Seguro Itaú Unibanco Participações S.A., BSF Holding S.A., IRB-Brasil Resseguros S.A. and XP Investimentos S.A.; · Itaú Unibanco Foundation – Supplementary Pensions and FUNBEP – Multisponsored Pension Fund, closed-end supplementary pension entities, that administer retirement plans sponsored by ITAÚ UNIBANCO HOLDING CONSOLIDATED, created exclusively for employees; · Foundations and Institutes maintained by donations from ITAÚ UNIBANCO HOLDING and by the proceeds generated by their assets, so that they can accomplish their objectives and to maintain their operational and administrative structure: Itaú Social Foundation – manages the “Itaú Social Program”, which aims at coordinating the organization’s role in projects of interest to the community by supporting or developing social, scientific and cultural projects, mainly in the elementary education and health areas and supports current projects and initiatives arranged or sponsored by accredited entities of the Itaú Social Program. Itaú Cultural Institute – promotes and disseminates Brazilian culture in the country and abroad. Unibanco Institute – supports projects focused on social assistance, particularly education, culture, promotion of integration into the labor market, and environmental protection, directly or as a supplement to civil institutions. Unibanco de Cinema Institute – promotes culture in general and provides access of low-income families to screenings of films, videos, video-laser discs etc, in theaters and movie clubs which it owns or manages including showings of popular movies, in particular Brazilian productions. Itaú Viver Mais Association – provides social services for the welfare of beneficiaries, on the terms defined in its Internal Regulations, and according to the funds available. These services may include the promotion of cultural, educational, sports, entertainment and healthcare activities. · Itaú Cubo Coworking Association – a partner entity of ITAÚ UNIBANCO HOLDING CONSOLIDATED its purpose is to encourage and promote the discussion and development of alternative and innovative technologies, business models and solutions; the produce and disseminate the resulting technical and scientific knowledge; the attract and bring in new information technology talents that may be characterized as startups; and to research, develop and establish ecosystems for entrepreneur and startups. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 131

a) Transactions with related parties: ITAÚ UNIBANCO HOLDING ITAÚ UNIBANCO HOLDING CONSOLIDATED Assets / (Liabilities) Revenue / (Expense) Assets / (Liabilities) Revenue / (Expense) Annual rate 01/01 to 01/01 to Annual rate 01/01 to 01/01 to 06/30/2019 06/30/2018 06/30/2019 06/30/2018 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Interbank investments 41,378,807 70,116,822 1,873,770 2 ,428,661 - - - - 6.4% Itaú Unibanco S.A. 3 ,454,683 3 1,959,824 780,856 1,446,722 - - - - Itaú Unibanco S.A. Grand Cayman Branch 5.83% to 6.36% 1 0,616,118 1 0,680,820 3 22,056 2 86,871 - - - - Itaú Unibanco S.A. Nassau Branch 5.12% to 6.5% 27,308,006 2 7,476,178 7 70,858 695,068 - - - - Loan operations - - - - 102,138 6 9,209 3,491 5 ,617 2.35% to 6% Alpargatas S.A. - - - - 2 8,331 6 9,209 815 5 ,617 113% CDI Other - - - - 73,807 - 2 ,676 - Derivative financial instruments - assets and liabilities 4 92,568 ( 15,466) (493,771) 2,996,291 - - - - Investment funds 4 92,568 ( 15,466) (493,771) 2,996,291 - - - - Deposits - (13,361,740) ( 152,029) (207,226) - - (585) ( 422) Itaú Unibanco S.A. Nassau Branch - (13,361,740) (152,029) (207,226) - - - - Olímpia Promoção e Serviços S.A. - - - - - - (585) ( 422) Deposits received under securities repurchase agreements - - - ( 2,105) ( 182,448) ( 37,728) ( 5,567) ( 982) 76% to 97.5% CDI Duratex S.A. - - - - ( 45,092) (19,161) (902) (628) 75% to 96% CDI Other - - - ( 2,105) (137,356) ( 18,567) (4,665) (354) Amounts receivable from (payable to) related companies / Banking service fees (expenses) ( 81,186) (1,769) (1,800) (8,309) (129,771) (107,417) (17,865) 21,451 Itaú Unibanco Foundation - Supplemtary Pensions - - - - ( 97,764) (106,146) 26,788 24,640 Itaú Unibanco S.A. Nassau Branch (80,588) ( 1,350) 3,694 2 ,147 - - - - Other ( 598) ( 419) ( 5,494) (10,456) ( 32,007) (1,271) ( 44,653) ( 3,189) Rent revenues (expenses) - - ( 34) ( 196) ( 7) (7) ( 22,417) ( 26,200) Itaú Unibanco Foundation - Supplemtary Pensions - - - - - - (17,504) ( 21,149) Other - - (34) ( 196) ( 7) ( 7) ( 4,913) (5,051) Donation expenses - - - - - - ( 35,000) ( 63,000) Itaú Cultural Institute - - - - - - ( 35,000) (63,000) Sponsorship expenses - - - - (460) - (460) (20,270) Itaú Cubo Coworking Association - - - - - - - ( 19,350) Itaú Viver Mais Association - - - - (460) - (460) ( 920) In addition to the aforementioned operations, ITAÚ UNIBANCO HOLDING and non-consolidated related parties, as an integral part of the Agreement for apportionment of common costs of Itaú Unibanco, recorded in Other Administrative Expenses in the amount of R$ (4,117) (R$ (5,042) from 01/01 to 06/30/2018) in view of the use of the common structure. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 132 a) Transactions with related parties: ITAÚ UNIBANCO HOLDING ITAÚ UNIBANCO HOLDING CONSOLIDATED Assets / (Liabilities) Revenue / (Expense) Assets / (Liabilities) Revenue / (Expense) Annual rate 01/01 to 01/01 to Annual rate 01/01 to 01/01 to 06/30/2019 06/30/2018 06/30/2019 06/30/2018 06/30/2019 06/30/2018 06/30/2019 06/30/2018 Interbank investments 41,378,807 70,116,822 1,873,770 2 ,428,661 - - - - 6.4% Itaú Unibanco S.A. 3 ,454,683 3 1,959,824 780,856 1,446,722 - - - - Itaú Unibanco S.A. Grand Cayman Branch 5.83% to 6.36% 1 0,616,118 1 0,680,820 3 22,056 2 86,871 - - - - Itaú Unibanco S.A. Nassau Branch 5.12% to 6.5% 27,308,006 2 7,476,178 7 70,858 695,068 - - - - Loan operations - - - - 102,138 6 9,209 3,491 5 ,617 2.35% to 6% Alpargatas S.A. - - - - 2 8,331 6 9,209 815 5 ,617 113% CDI Other - - - - 73,807 - 2 ,676 - Derivative financial instruments - assets and liabilities 4 92,568 ( 15,466) (493,771) 2,996,291 - - - - Investment funds 4 92,568 ( 15,466) (493,771) 2,996,291 - - - - Deposits - (13,361,740) ( 152,029) (207,226) - - (585) ( 422) Itaú Unibanco S.A. Nassau Branch - (13,361,740) (152,029) (207,226) - - - - Olímpia Promoção e Serviços S.A. - - - - - - (585) ( 422) Deposits received under securities repurchase agreements - - - ( 2,105) ( 182,448) ( 37,728) ( 5,567) ( 982) 76% to 97.5% CDI Duratex S.A. - - - - ( 45,092) (19,161) (902) (628) 75% to 96% CDI Other - - - ( 2,105) (137,356) ( 18,567) (4,665) (354) Amounts receivable from (payable to) related companies / Banking service fees (expenses) ( 81,186) (1,769) (1,800) (8,309) (129,771) (107,417) (17,865) 21,451 Itaú Unibanco Foundation - Supplemtary Pensions - - - - ( 97,764) (106,146) 26,788 24,640 Itaú Unibanco S.A. Nassau Branch (80,588) ( 1,350) 3,694 2 ,147 - - - - Other ( 598) ( 419) ( 5,494) (10,456) ( 32,007) (1,271) ( 44,653) ( 3,189) Rent revenues (expenses) - - ( 34) ( 196) ( 7) (7) ( 22,417) ( 26,200) Itaú Unibanco Foundation - Supplemtary Pensions - - - - - - (17,504) ( 21,149) Other - - (34) ( 196) ( 7) ( 7) ( 4,913) (5,051) Donation expenses - - - - - - ( 35,000) ( 63,000) Itaú Cultural Institute - - - - - - ( 35,000) (63,000) Sponsorship expenses - - - - (460) - (460) (20,270) Itaú Cubo Coworking Association - - - - - - - ( 19,350) Itaú Viver Mais Association - - - - (460) - (460) ( 920) In addition to the aforementioned operations, ITAÚ UNIBANCO HOLDING and non-consolidated related parties, as an integral part of the Agreement for apportionment of common costs of Itaú Unibanco, recorded in Other Administrative Expenses in the amount of R$ (4,117) (R$ (5,042) from 01/01 to 06/30/2018) in view of the use of the common structure. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 132

b) Compensation and Benefits of Key Management Personnel Compensation and benefits attributed to Management Members, members of the Audit Committee and the Board of Directors of ITAÚ UNIBANCO HOLDING CONSOLIDATED in the period correspond to: 01/01 to 01/01 to 06/30/2019 06/30/2018 Fees (275,433) (257,829) Profit sharing (172,827) (104,253) Post-employment benefits (4,522) (5,011) Granting of the Share-based payment (133,910) (102,407) (586,692) (469,500) Total Total amounts related to stock-based compensation plan, personnel expenses and post-employment benefits is detailed in Notes 13g, 10g and 16, respectively. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 133 b) Compensation and Benefits of Key Management Personnel Compensation and benefits attributed to Management Members, members of the Audit Committee and the Board of Directors of ITAÚ UNIBANCO HOLDING CONSOLIDATED in the period correspond to: 01/01 to 01/01 to 06/30/2019 06/30/2018 Fees (275,433) (257,829) Profit sharing (172,827) (104,253) Post-employment benefits (4,522) (5,011) Granting of the Share-based payment (133,910) (102,407) (586,692) (469,500) Total Total amounts related to stock-based compensation plan, personnel expenses and post-employment benefits is detailed in Notes 13g, 10g and 16, respectively. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 133

Note 15 - Market value In cases where market prices are not available, market value are based on estimates using discounted cash flows or other valuation techniques. These techniques are significantly affected by the assumptions adopted, including the discount rate and estimate of future cash flows. The estimated market value achieved through these techniques cannot be substantiated by comparison with independent markets and, in many cases, it cannot be realized in the immediate settlement of the instrument. The following table summarizes the carrying and estimated market value for financial instruments: 06/30/2019 06/30/2018 Estimated Market Estimated Market Book Value Book Value Value Value 284,780,564 284,825,371 277,464,725 277,519,494 Short-term Interbank investments (a)(b) Securities (c) Adjustment of available-for-sale securities 116,917,987 116,917,987 100,897,444 100,897,444 Adjustment of held-to-maturity securities 38,609,969 41,601,106 40,878,743 41,696,556 Derivative financial instruments - Assets (c) 31,068,453 31,068,453 27,732,237 27,732,237 Loan, lease and other credit operations (d) 519,818,191 530,485,001 482,391,382 487,285,859 Deposits (b) 463,259,089 463,348,688 426,595,425 426,627,698 Deposits received under securities repurchase agreements (a) 316,543,131 316,543,131 315,553,902 315,553,902 Funds from acceptance and issuance of securities (b) 125,336,186 125,435,035 115,008,431 115,162,126 Borrowings and onlendings (b) 72,788,219 72,916,456 61,872,480 62,162,975 35,655,196 35,655,196 31,654,619 31,654,619 Derivative financial instruments - Liabilities (c) 51,967,888 53,672,953 53,925,330 53,887,701 Subordinated debt (b) The methods and assumptions adopted to estimate the market value are defined below: a) Securities purchased under agreements to resell, which compose the balance of Interbank Investments, and Securities under repurchase agreements - The carrying amounts for these instruments approximate their market values. b) Interbank deposits, which compose the balance of Interbank Investments, Deposits, Funds from Acceptance and Issuance of Securities, Borrowings and Onlending and Subordinate Debt – They are calculated by discounting estimated cash flows at market interest rates. c) Securities and Derivatives - Under usual conditions, the prices quoted in the market are the best indicators of market values of these financial instruments. However, not all instruments have liquidity or quoted market prices and, in such cases, it is necessary to adopt present value estimates and other pricing techniques to establish their market value. In the absence of the prices quoted by the Brazilian Financial and Capital Markets Association (ANBIMA), the market values of government securities are determined based on the interest rates provided by brokers. The market values of corporate debt securities are calculated by discounting estimated cash flows at market interest rates. The market values of shares are computed based on their prices quoted in the market. The market values of derivative financial instruments were determined as follows: · Swaps: Their cash flows are discounted to present value based on yield curves that reflect the appropriate risk factors, drawn mainly based on the exchange price of derivatives at B3, of Brazilian government securities in the secondary market or derivatives and securities traded abroad. These yield curves may be used to obtain the market value of currency swaps, interest rate swaps and swaps based on other risk factors (commodities, stock exchange indices, etc.). · Futures and Forwards: Quotations on exchanges or using criteria identical to those applied to swaps. · Options: Determined based on mathematical models, such as Black&Scholes, using data, in general from Bloomberg, of implicit volatility, interest rate yield curve and market value of the underlying asset. Current market prices of options are used to compute the implicit volatilities. · Credit Risk: Inversely related to the probability of default (PD) in a financial instrument subject to credit risk. The process of adjusting the market price of these spreads is based on the differences between the yield curves with and without credit risk. d) Loan operations and lease operations and other credits – Market value is estimated based on groups of loans with similar financial and risk characteristics, using valuation models. The market value of fixed-rate loans was determined by discounting estimated cash flows, applying current interest rates close of similar loans. For the majority of loans at floating rate, the carrying amount was considered close to their market value. The market value of loan and lease operations not overdue was calculated by discounting the expected payments of principal and interest through maturity. The market value of overdue loan and lease transactions was based on the discount of estimated cash flows, using a rate proportional to the risk associated with the estimated cash flows, or on the underlying collateral. The assumptions related to cash flows and discount rates are determined using information available in the market and information specific of the debtor. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 134 Note 15 - Market value In cases where market prices are not available, market value are based on estimates using discounted cash flows or other valuation techniques. These techniques are significantly affected by the assumptions adopted, including the discount rate and estimate of future cash flows. The estimated market value achieved through these techniques cannot be substantiated by comparison with independent markets and, in many cases, it cannot be realized in the immediate settlement of the instrument. The following table summarizes the carrying and estimated market value for financial instruments: 06/30/2019 06/30/2018 Estimated Market Estimated Market Book Value Book Value Value Value 284,780,564 284,825,371 277,464,725 277,519,494 Short-term Interbank investments (a)(b) Securities (c) Adjustment of available-for-sale securities 116,917,987 116,917,987 100,897,444 100,897,444 Adjustment of held-to-maturity securities 38,609,969 41,601,106 40,878,743 41,696,556 Derivative financial instruments - Assets (c) 31,068,453 31,068,453 27,732,237 27,732,237 Loan, lease and other credit operations (d) 519,818,191 530,485,001 482,391,382 487,285,859 Deposits (b) 463,259,089 463,348,688 426,595,425 426,627,698 Deposits received under securities repurchase agreements (a) 316,543,131 316,543,131 315,553,902 315,553,902 Funds from acceptance and issuance of securities (b) 125,336,186 125,435,035 115,008,431 115,162,126 Borrowings and onlendings (b) 72,788,219 72,916,456 61,872,480 62,162,975 35,655,196 35,655,196 31,654,619 31,654,619 Derivative financial instruments - Liabilities (c) 51,967,888 53,672,953 53,925,330 53,887,701 Subordinated debt (b) The methods and assumptions adopted to estimate the market value are defined below: a) Securities purchased under agreements to resell, which compose the balance of Interbank Investments, and Securities under repurchase agreements - The carrying amounts for these instruments approximate their market values. b) Interbank deposits, which compose the balance of Interbank Investments, Deposits, Funds from Acceptance and Issuance of Securities, Borrowings and Onlending and Subordinate Debt – They are calculated by discounting estimated cash flows at market interest rates. c) Securities and Derivatives - Under usual conditions, the prices quoted in the market are the best indicators of market values of these financial instruments. However, not all instruments have liquidity or quoted market prices and, in such cases, it is necessary to adopt present value estimates and other pricing techniques to establish their market value. In the absence of the prices quoted by the Brazilian Financial and Capital Markets Association (ANBIMA), the market values of government securities are determined based on the interest rates provided by brokers. The market values of corporate debt securities are calculated by discounting estimated cash flows at market interest rates. The market values of shares are computed based on their prices quoted in the market. The market values of derivative financial instruments were determined as follows: · Swaps: Their cash flows are discounted to present value based on yield curves that reflect the appropriate risk factors, drawn mainly based on the exchange price of derivatives at B3, of Brazilian government securities in the secondary market or derivatives and securities traded abroad. These yield curves may be used to obtain the market value of currency swaps, interest rate swaps and swaps based on other risk factors (commodities, stock exchange indices, etc.). · Futures and Forwards: Quotations on exchanges or using criteria identical to those applied to swaps. · Options: Determined based on mathematical models, such as Black&Scholes, using data, in general from Bloomberg, of implicit volatility, interest rate yield curve and market value of the underlying asset. Current market prices of options are used to compute the implicit volatilities. · Credit Risk: Inversely related to the probability of default (PD) in a financial instrument subject to credit risk. The process of adjusting the market price of these spreads is based on the differences between the yield curves with and without credit risk. d) Loan operations and lease operations and other credits – Market value is estimated based on groups of loans with similar financial and risk characteristics, using valuation models. The market value of fixed-rate loans was determined by discounting estimated cash flows, applying current interest rates close of similar loans. For the majority of loans at floating rate, the carrying amount was considered close to their market value. The market value of loan and lease operations not overdue was calculated by discounting the expected payments of principal and interest through maturity. The market value of overdue loan and lease transactions was based on the discount of estimated cash flows, using a rate proportional to the risk associated with the estimated cash flows, or on the underlying collateral. The assumptions related to cash flows and discount rates are determined using information available in the market and information specific of the debtor. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 134

Note 16 – Post-employment benefits ITAÚ UNIBANCO HOLDING CONSOLIDATED, through its subsidiaries, sponsors retirement plans to its employees. Retirement plans are managed by Closed-end Private Pension Entities (EFPC) and are closed to new adhesions. These entities have an independent structure and manage their plans according to the characteristics of their regulations. There are three types of retirement plans: • Defined Benefit Plans (BD): plans which scheduled benefits have their value established in advance, based on salaries and/or length of service of employees, and its cost is actuarially determined; • Defined Contribution Plans (CD): are those plans which scheduled benefits have their value permanently adjusted to the investments balance, kept in favor of the participant, including in the benefit concession phase, considering net proceedings of its investment, amounts contributed and benefits paid; and • Variable Contribution Plans (CV): in this type of plan, scheduled benefits present a combination of characteristics of defined contribution and defined benefit modalities, and the benefit is actuarially determined based on the investment accumulated by the participant on the eligibility date. Below is a list of benefit plans and their modalities: Entity Benefit plan Modality Supplementary retirement plan Supplementary Retirement Plan – Flexible Premium Annuity Franprev benefit plan 002 benefit plan Prebeg benefit plan UBB PREV defined benefit plan Defined Benefit Benefit Plan II Itaulam basic plan Itaú Unibanco Foundation – Itaú Defined Benefit Plan Suplementary Pension - FIU REDECARD Retirement Plan ITAUCARD Retirement Defined Benefit Plan Itaubanco Defined Contribution Plan Itaubank Retirement Plan Defined Contribution REDECARD Pension Plan Unibanco Pension Plan – Intelligent Future Itaulam Supplementary Plan Itaú Defined Contribution Plan Variable Contribution REDECARD Retirement Plan ITAUCARD Supplementary Retirement Plan Funbep I Benefit Plan Defined Benefit FUNBEP Multisponsored Pension Fund Funbep II Benefit Plan Variable Contribution The modality of Defined Contribution plans have funds composed by the portions of sponsors’ contributions not yet included in the participant’s account balance due to loss of eligibility to the benefit, as well as of resources arising from the migration of retirement plans in defined benefit modality. The fund is used for future contributions to the individual participants' accounts, according to the rules of the respective benefit plan regulation. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 135 Note 16 – Post-employment benefits ITAÚ UNIBANCO HOLDING CONSOLIDATED, through its subsidiaries, sponsors retirement plans to its employees. Retirement plans are managed by Closed-end Private Pension Entities (EFPC) and are closed to new adhesions. These entities have an independent structure and manage their plans according to the characteristics of their regulations. There are three types of retirement plans: • Defined Benefit Plans (BD): plans which scheduled benefits have their value established in advance, based on salaries and/or length of service of employees, and its cost is actuarially determined; • Defined Contribution Plans (CD): are those plans which scheduled benefits have their value permanently adjusted to the investments balance, kept in favor of the participant, including in the benefit concession phase, considering net proceedings of its investment, amounts contributed and benefits paid; and • Variable Contribution Plans (CV): in this type of plan, scheduled benefits present a combination of characteristics of defined contribution and defined benefit modalities, and the benefit is actuarially determined based on the investment accumulated by the participant on the eligibility date. Below is a list of benefit plans and their modalities: Entity Benefit plan Modality Supplementary retirement plan Supplementary Retirement Plan – Flexible Premium Annuity Franprev benefit plan 002 benefit plan Prebeg benefit plan UBB PREV defined benefit plan Defined Benefit Benefit Plan II Itaulam basic plan Itaú Unibanco Foundation – Itaú Defined Benefit Plan Suplementary Pension - FIU REDECARD Retirement Plan ITAUCARD Retirement Defined Benefit Plan Itaubanco Defined Contribution Plan Itaubank Retirement Plan Defined Contribution REDECARD Pension Plan Unibanco Pension Plan – Intelligent Future Itaulam Supplementary Plan Itaú Defined Contribution Plan Variable Contribution REDECARD Retirement Plan ITAUCARD Supplementary Retirement Plan Funbep I Benefit Plan Defined Benefit FUNBEP Multisponsored Pension Fund Funbep II Benefit Plan Variable Contribution The modality of Defined Contribution plans have funds composed by the portions of sponsors’ contributions not yet included in the participant’s account balance due to loss of eligibility to the benefit, as well as of resources arising from the migration of retirement plans in defined benefit modality. The fund is used for future contributions to the individual participants' accounts, according to the rules of the respective benefit plan regulation. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 135

a) Main Actuarial Assumptions Actuarial assumptions of demographic and financial nature should reflect the best estimated about the variables that determine the post-employment benefit amounts. The main demographic assumptions comprise: mortality table and turnover of active participants and the main financial assumptions include: discount rate, future salary increases, growth of plan benefits and inflation. 06/30/2019 06/30/2018 (1) Discount rate 9.72% p.a. 9.98% p.a. (2) Mortality table AT-2000 AT-2000 (3) Turnover Itaú Experience 2008/2010 Itaú Experience 2008/2010 Future salary growth 4.00% to 7.12 % p.a. 5.04% to 7.12 % p.a. Growth of plan benefits 4.00 % p.a. 4.00 % p.a. Inflation 4.00 % p.a. 4.00 % p.a. Actuarial method Projected Unit Credit Projected Unit Credit (1) Determined based on market yield related to National Treasury Notes (NTN-B) and compatible with the economic scenario observed on the balance sheet closing date, considering the volatility of interest market and models used. (2) Correspond to those disclosed by SOA – Society of Actuaries , that reflect a 10% increase in the probabilities of survival regarding the respective basic tables. (3) Updated to the new expectation of mass behavior. Retired plans sponsored by foreign subsidiaries - Banco Itaú (Suisse) S.A., Itaú CorpBanca Colombia S.A. and PROSERV - Promociones y Servicios S.A. de C.V. - are structured as Defined Benefit modality and adopt actual assumptions adequate to masses of participants and the economic scenario of each country. b) Risk Management The EFPCs sponsored by ITAÚ UNIBANCO HOLDING are regulated by the National Council for Complementary Pension (CNPC) and PREVIC, has an Executive Board, Advisory and Tax Councils. Benefits offered have long-tem characteristics and the main factors involved in the management and measurement of their risks are financial risk, inflation risk and biometric risk. - Financial Risk – the actuarial liability is calculated by adopting a discount rate different from rates earned in investments. If real income from plan investments is lower than yield expected, this may give rise to a deficit. To mitigate this risk and assure the capacity to pay long-term benefits, the plans have a significant percentage of fixed-income securities pegged to the plan commitments, aiming at minimizing volatility and risk of mismatch between assets and liabilities. Additionally, adherence tests are carried out in financial assumptions to ensure their adequacy to obligations of respective plans. - Inflation risk – a large part of liabilities is pegged to inflation risk, making actuarial liabilities sensitive to increase in rates. To mitigate this risk, the same financial risks mitigation strategies are used. - Biometric Risk – plans that have any obligation actuarially assessed are exposed to biometric risk. In the event the mortality tables used are not adherent to the mass of plan participants, a deficit or surplus may arise in actuarial evaluation. To mitigate this risk, adherence tests to biometric assumptions are conducted to ensure their adequacy to liabilities of respective plans. For purposes of registering in the balance sheet the EFPCs that manage them, actuarial liabilities of plans use discount rate adherent to its asset portfolio and income and expense flows, according to a study preparedby an independent consulting company. The actuarial method used is the aggregate method, through which the plan costing Is defined by the difference between its equity coverage and the current value of its future liabilities. Observing the methodology established in the respective actuarial technical note. In the event deficit is verified in the concession period above the settlement limits set forth by the legislation in force, a debt agreement is entered into with the sponsor with financial guarantees. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 136 a) Main Actuarial Assumptions Actuarial assumptions of demographic and financial nature should reflect the best estimated about the variables that determine the post-employment benefit amounts. The main demographic assumptions comprise: mortality table and turnover of active participants and the main financial assumptions include: discount rate, future salary increases, growth of plan benefits and inflation. 06/30/2019 06/30/2018 (1) Discount rate 9.72% p.a. 9.98% p.a. (2) Mortality table AT-2000 AT-2000 (3) Turnover Itaú Experience 2008/2010 Itaú Experience 2008/2010 Future salary growth 4.00% to 7.12 % p.a. 5.04% to 7.12 % p.a. Growth of plan benefits 4.00 % p.a. 4.00 % p.a. Inflation 4.00 % p.a. 4.00 % p.a. Actuarial method Projected Unit Credit Projected Unit Credit (1) Determined based on market yield related to National Treasury Notes (NTN-B) and compatible with the economic scenario observed on the balance sheet closing date, considering the volatility of interest market and models used. (2) Correspond to those disclosed by SOA – Society of Actuaries , that reflect a 10% increase in the probabilities of survival regarding the respective basic tables. (3) Updated to the new expectation of mass behavior. Retired plans sponsored by foreign subsidiaries - Banco Itaú (Suisse) S.A., Itaú CorpBanca Colombia S.A. and PROSERV - Promociones y Servicios S.A. de C.V. - are structured as Defined Benefit modality and adopt actual assumptions adequate to masses of participants and the economic scenario of each country. b) Risk Management The EFPCs sponsored by ITAÚ UNIBANCO HOLDING are regulated by the National Council for Complementary Pension (CNPC) and PREVIC, has an Executive Board, Advisory and Tax Councils. Benefits offered have long-tem characteristics and the main factors involved in the management and measurement of their risks are financial risk, inflation risk and biometric risk. - Financial Risk – the actuarial liability is calculated by adopting a discount rate different from rates earned in investments. If real income from plan investments is lower than yield expected, this may give rise to a deficit. To mitigate this risk and assure the capacity to pay long-term benefits, the plans have a significant percentage of fixed-income securities pegged to the plan commitments, aiming at minimizing volatility and risk of mismatch between assets and liabilities. Additionally, adherence tests are carried out in financial assumptions to ensure their adequacy to obligations of respective plans. - Inflation risk – a large part of liabilities is pegged to inflation risk, making actuarial liabilities sensitive to increase in rates. To mitigate this risk, the same financial risks mitigation strategies are used. - Biometric Risk – plans that have any obligation actuarially assessed are exposed to biometric risk. In the event the mortality tables used are not adherent to the mass of plan participants, a deficit or surplus may arise in actuarial evaluation. To mitigate this risk, adherence tests to biometric assumptions are conducted to ensure their adequacy to liabilities of respective plans. For purposes of registering in the balance sheet the EFPCs that manage them, actuarial liabilities of plans use discount rate adherent to its asset portfolio and income and expense flows, according to a study preparedby an independent consulting company. The actuarial method used is the aggregate method, through which the plan costing Is defined by the difference between its equity coverage and the current value of its future liabilities. Observing the methodology established in the respective actuarial technical note. In the event deficit is verified in the concession period above the settlement limits set forth by the legislation in force, a debt agreement is entered into with the sponsor with financial guarantees. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 136

c) Asset management The purpose of the management of the funds is the long-term balance between pension assets and liabilities with payment of benefits by exceeding actuarial goals (discount rate plus benefit adjustment index, established in the plan regulations). Below is a table with the allocation of assets by category, segmented into Quoted in an Active Market and Not Quoted in an Active Market: Fair value % Allocation Types 06/30/2019 06/30/2018 06/30/2019 06/30/2018 90.82% 95.97% Fixed income securities 17,496,199 17,213,219 89.30% 94.42% Quoted in an active market 17,203,597 16,936,101 Non quoted in an active market 292,602 277,118 1.52% 1.55% Variable income securities 1,055,603 18,669 5.48% 0.10% Quoted in an active market 1,048,059 14,120 5.44% 0.07% Non quoted in an active market 7,544 4,549 0.04% 0.03% 0.44% 0.24% Structured investments 83,708 42,753 Quoted in an active market 8,671 613 0.05% 0.00% 0.39% 0.24% Non quoted in an active market 75,037 42,140 Real estate 547,315 580,870 2.84% 3.24% Loans to participants 80,954 81,152 0.42% 0.45% Total 19,263,779 17,936,663 100.00% 100.00% The defined benefit plan assets include shares of ITAÚ UNIBANCO HOLDING, its main parent company (ITAÚSA) and of subsidiaries of the latter, with a fair value of R$ 10,689 (R$ 10,723 at 06/30/2018), and real estate rented to Group companies, with a fair value of R$ 457,568 (R$ 498,826 at 06/30/2018). d) Other post-employment benefits ITAÚ UNIBANCO HOLDING CONSOLIDATED and its subsidiaries do not have additional liabilities related to post-employment benefits, except in cases arising from maintenance commitments assumed in acquisition agreements occurred over the years, as well as those benefits originated from judicial decision in the terms and conditions established, in which there is total or partial sponsorship of health care plan for a specific mass of former employees and their beneficiaries. Its costing is actuarially determined so as to ensure coverage maintenance. These plans are closed to new adhesions. Assumptions for discount rate, inflation, mortality table and actuarial method are the same used for retirement plans. In the last 3 years, ITAÚ UNIBANCO HOLDING CONSOLIDATED used the percentage of 8.16% p.a. for medical inflation and the percentage of 3% p.a. for aging factor. Particularly in other post-employment benefits, there is medical inflation risk associated to increase in medical costs above expectation. To mitigate this risk, the same financial risks mitigation strategies are used. e) Net amount recognized in the balance sheet 06/30/2019 Other post- BD and CV CD Plans Total employment Plans benefits 1 - Net assets of the plans 19,263,779 1,623,079 - 20,886,858 2 - Actuarial liabilities (15,672,886) - (388,861) (16,061,747) (*) 3 - Asset restriction (3,954,869) (975,523) - (4,930,392) (363,976) 647,556 (388,861) (105,281) 4 - Net amount recognized in the balance sheet (1+2+3) Amount recognized in Assets (Note 10a) 66,399 647,556 - 713,955 Amount recognized in Liabilities (Note 10d) (430,375) - (388,861) (819,236) 06/30/2018 Other post- BD and CV CD Plans Total employment Plans benefits 1 - Net assets of the plans 17,936,663 1,661,072 - 19,597,735 2 - Actuarial liabilities (14,717,695) - (260,943) (14,978,638) (*) 3 - Asset restriction (3,366,490) (948,457) - (4,314,947) 4 - Net amount recognized in the balance sheet (1+2+3) (147,522) 712,615 (260,943) 304,150 Amount recognized in Assets (Note 10a) 360,646 712,615 - 1,073,261 (508,168) - (260,943) (769,111) Amount recognized in Liabilities (Note 10d) (*) Corresponds to the excess of the present value of the available economic benefit, in conformity with Bacen Resolution nº 4,424/15. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 137 c) Asset management The purpose of the management of the funds is the long-term balance between pension assets and liabilities with payment of benefits by exceeding actuarial goals (discount rate plus benefit adjustment index, established in the plan regulations). Below is a table with the allocation of assets by category, segmented into Quoted in an Active Market and Not Quoted in an Active Market: Fair value % Allocation Types 06/30/2019 06/30/2018 06/30/2019 06/30/2018 90.82% 95.97% Fixed income securities 17,496,199 17,213,219 89.30% 94.42% Quoted in an active market 17,203,597 16,936,101 Non quoted in an active market 292,602 277,118 1.52% 1.55% Variable income securities 1,055,603 18,669 5.48% 0.10% Quoted in an active market 1,048,059 14,120 5.44% 0.07% Non quoted in an active market 7,544 4,549 0.04% 0.03% 0.44% 0.24% Structured investments 83,708 42,753 Quoted in an active market 8,671 613 0.05% 0.00% 0.39% 0.24% Non quoted in an active market 75,037 42,140 Real estate 547,315 580,870 2.84% 3.24% Loans to participants 80,954 81,152 0.42% 0.45% Total 19,263,779 17,936,663 100.00% 100.00% The defined benefit plan assets include shares of ITAÚ UNIBANCO HOLDING, its main parent company (ITAÚSA) and of subsidiaries of the latter, with a fair value of R$ 10,689 (R$ 10,723 at 06/30/2018), and real estate rented to Group companies, with a fair value of R$ 457,568 (R$ 498,826 at 06/30/2018). d) Other post-employment benefits ITAÚ UNIBANCO HOLDING CONSOLIDATED and its subsidiaries do not have additional liabilities related to post-employment benefits, except in cases arising from maintenance commitments assumed in acquisition agreements occurred over the years, as well as those benefits originated from judicial decision in the terms and conditions established, in which there is total or partial sponsorship of health care plan for a specific mass of former employees and their beneficiaries. Its costing is actuarially determined so as to ensure coverage maintenance. These plans are closed to new adhesions. Assumptions for discount rate, inflation, mortality table and actuarial method are the same used for retirement plans. In the last 3 years, ITAÚ UNIBANCO HOLDING CONSOLIDATED used the percentage of 8.16% p.a. for medical inflation and the percentage of 3% p.a. for aging factor. Particularly in other post-employment benefits, there is medical inflation risk associated to increase in medical costs above expectation. To mitigate this risk, the same financial risks mitigation strategies are used. e) Net amount recognized in the balance sheet 06/30/2019 Other post- BD and CV CD Plans Total employment Plans benefits 1 - Net assets of the plans 19,263,779 1,623,079 - 20,886,858 2 - Actuarial liabilities (15,672,886) - (388,861) (16,061,747) (*) 3 - Asset restriction (3,954,869) (975,523) - (4,930,392) (363,976) 647,556 (388,861) (105,281) 4 - Net amount recognized in the balance sheet (1+2+3) Amount recognized in Assets (Note 10a) 66,399 647,556 - 713,955 Amount recognized in Liabilities (Note 10d) (430,375) - (388,861) (819,236) 06/30/2018 Other post- BD and CV CD Plans Total employment Plans benefits 1 - Net assets of the plans 17,936,663 1,661,072 - 19,597,735 2 - Actuarial liabilities (14,717,695) - (260,943) (14,978,638) (*) 3 - Asset restriction (3,366,490) (948,457) - (4,314,947) 4 - Net amount recognized in the balance sheet (1+2+3) (147,522) 712,615 (260,943) 304,150 Amount recognized in Assets (Note 10a) 360,646 712,615 - 1,073,261 (508,168) - (260,943) (769,111) Amount recognized in Liabilities (Note 10d) (*) Corresponds to the excess of the present value of the available economic benefit, in conformity with Bacen Resolution nº 4,424/15. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 137

f) Change in the net amount recognized in the balance sheet: 06/30/2019 Ohter post- BD and CV plans CD plans employment Total benefit Recognized Pension plan Recognized Recognized Net assets Actuarial liabilities Asset ceiling Asset ceiling Liabilities amount fund amount amount Amounts at the beginning of the period 18,808,301 (15,492,982) (3,664,329) (349,010) 1,603,560 (938,290) 665,270 (281,933) 34,327 Amounts recognized in income (1+2+3) 884,680 (758,434) (177,716) (51,470) 75,729 (45,601) 30,128 (14,093) (35,435) - (37,239) - (37,239) - - - - (37,239) 1 - Cost of current service 2 - Cost of past service - - - - - - - - - (1) 884,680 (721,195) (177,716) (14,231) 75,729 (45,601) 30,128 (14,093) 1,804 3 - Net interest Amounts recognized in stockholders´ equity (4+5+6) 113,778 (4,808) (112,824) (3,854) (3,408) 8,368 4,960 (103,282) (102,176) 4 - Effects on asset ceiling - - 4,765 4,765 - 8,368 8,368 - 13,133 (2) (3) 5 - Remeasurements 117,589 (4,665) (117,589) (4,665) (3,408) - (3,408) (103,282) (111,355) (3,811) (143) (3,954) - 6 - Exchange variation - - - - (3,954) (542,980) 583,338 - 40,358 (52,802) - (52,802) 10,447 (1,997) Other (7+8+9+10) 7 - Receipt by allocation of funds - - - - - - - - - 8 - Benefits paid (583,338) 583,338 - - - - - 10,447 10,447 9 - Contributions from sponsor 35,785 - - 35,785 (52,802) - (52,802) - (17,017) 10 - Contributions from parcipants 4,573 - - 4,573 - - - - 4,573 19,263,779 (15,672,886) (3,954,869) (363,976) 1,623,079 (975,523) 647,556 (388,861) (105,281) Amounts end of the period 06/30/2018 Ohter post- BD and CV plans CD plans employment Total benefit Recognized Pension plan Recognized Recognized Net assets Actuarial liabilities Asset ceiling Asset ceiling Liabilities amount fund amount amount Amounts at the beginning of the period 17,588,377 (14,490,542) (3,217,361) (119,526) 1,633,690 (911,929) 721,761 (256,723) 345,512 Amounts recognized in income (1+2+3) 850,018 (728,442) (160,560) (38,984) 78,607 (44,845) 33,762 (12,437) (17,659) 1 - Cost of current service - (33,735) - (33,735) - - - - (33,735) - - - 2 - Cost of past service - - - - - - (1) 850,018 (694,707) (160,560) (5,249) 78,607 (44,845) 33,762 (12,437) 16,076 3 - Net interest Amounts recognized in stockholders´ equity (4+5+6) 4,354 (44,771) 11,431 (28,986) (11,410) 8,317 (3,093) - (32,079) 4 - Effects on asset ceiling - - 11,431 11,431 - 8,317 8,317 - 19,748 (2) (3) - (36,598) - (36,598) (11,410) - (11,410) - (48,008) 5 - Remeasurements 6 - Exchange variation 4,354 (8,173) - (3,819) - - - - (3,819) Other (7+8+9+10) (506,086) 546,060 - 39,974 (39,815) - (39,815) 8,217 8,376 - - - - - - - - 7 - Receipt by allocation of funds - (546,060) 546,060 - - - - - 8,217 8,217 8 - Benefits paid 9 - Contributions from sponsor 34,533 - - 34,533 (39,815) - (39,815) - (5,282) 10 - Contributions from parcipants 5,441 - 5,441 - - - - 5,441 - 17,936,663 (14,717,695) (3,366,490) (147,522) 1,661,072 (948,457) 712,615 (260,943) 304,150 Amounts end of the period (1) Corresponds to the amount calculated on 01/01/2019 based on the beginning amount (Net Assets, Actuarial Liabilities and Restriction of Assets), taking into account the estimated amount of payments/ receipts of benefits/ contributions, multiplied by the discount rate of 9.72% p.a.(On 01/01/2018 the rate used was 9.98% p.a.); (2) Remeasurements recorded in net assets and asset ceiling correspond to the income earned above/below the expected return rate; (3) The actual return on assets amounted to R$ 1,002,269 (R$ 850,018 at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 138 f) Change in the net amount recognized in the balance sheet: 06/30/2019 Ohter post- BD and CV plans CD plans employment Total benefit Recognized Pension plan Recognized Recognized Net assets Actuarial liabilities Asset ceiling Asset ceiling Liabilities amount fund amount amount Amounts at the beginning of the period 18,808,301 (15,492,982) (3,664,329) (349,010) 1,603,560 (938,290) 665,270 (281,933) 34,327 Amounts recognized in income (1+2+3) 884,680 (758,434) (177,716) (51,470) 75,729 (45,601) 30,128 (14,093) (35,435) - (37,239) - (37,239) - - - - (37,239) 1 - Cost of current service 2 - Cost of past service - - - - - - - - - (1) 884,680 (721,195) (177,716) (14,231) 75,729 (45,601) 30,128 (14,093) 1,804 3 - Net interest Amounts recognized in stockholders´ equity (4+5+6) 113,778 (4,808) (112,824) (3,854) (3,408) 8,368 4,960 (103,282) (102,176) 4 - Effects on asset ceiling - - 4,765 4,765 - 8,368 8,368 - 13,133 (2) (3) 5 - Remeasurements 117,589 (4,665) (117,589) (4,665) (3,408) - (3,408) (103,282) (111,355) (3,811) (143) (3,954) - 6 - Exchange variation - - - - (3,954) (542,980) 583,338 - 40,358 (52,802) - (52,802) 10,447 (1,997) Other (7+8+9+10) 7 - Receipt by allocation of funds - - - - - - - - - 8 - Benefits paid (583,338) 583,338 - - - - - 10,447 10,447 9 - Contributions from sponsor 35,785 - - 35,785 (52,802) - (52,802) - (17,017) 10 - Contributions from parcipants 4,573 - - 4,573 - - - - 4,573 19,263,779 (15,672,886) (3,954,869) (363,976) 1,623,079 (975,523) 647,556 (388,861) (105,281) Amounts end of the period 06/30/2018 Ohter post- BD and CV plans CD plans employment Total benefit Recognized Pension plan Recognized Recognized Net assets Actuarial liabilities Asset ceiling Asset ceiling Liabilities amount fund amount amount Amounts at the beginning of the period 17,588,377 (14,490,542) (3,217,361) (119,526) 1,633,690 (911,929) 721,761 (256,723) 345,512 Amounts recognized in income (1+2+3) 850,018 (728,442) (160,560) (38,984) 78,607 (44,845) 33,762 (12,437) (17,659) 1 - Cost of current service - (33,735) - (33,735) - - - - (33,735) - - - 2 - Cost of past service - - - - - - (1) 850,018 (694,707) (160,560) (5,249) 78,607 (44,845) 33,762 (12,437) 16,076 3 - Net interest Amounts recognized in stockholders´ equity (4+5+6) 4,354 (44,771) 11,431 (28,986) (11,410) 8,317 (3,093) - (32,079) 4 - Effects on asset ceiling - - 11,431 11,431 - 8,317 8,317 - 19,748 (2) (3) - (36,598) - (36,598) (11,410) - (11,410) - (48,008) 5 - Remeasurements 6 - Exchange variation 4,354 (8,173) - (3,819) - - - - (3,819) Other (7+8+9+10) (506,086) 546,060 - 39,974 (39,815) - (39,815) 8,217 8,376 - - - - - - - - 7 - Receipt by allocation of funds - (546,060) 546,060 - - - - - 8,217 8,217 8 - Benefits paid 9 - Contributions from sponsor 34,533 - - 34,533 (39,815) - (39,815) - (5,282) 10 - Contributions from parcipants 5,441 - 5,441 - - - - 5,441 - 17,936,663 (14,717,695) (3,366,490) (147,522) 1,661,072 (948,457) 712,615 (260,943) 304,150 Amounts end of the period (1) Corresponds to the amount calculated on 01/01/2019 based on the beginning amount (Net Assets, Actuarial Liabilities and Restriction of Assets), taking into account the estimated amount of payments/ receipts of benefits/ contributions, multiplied by the discount rate of 9.72% p.a.(On 01/01/2018 the rate used was 9.98% p.a.); (2) Remeasurements recorded in net assets and asset ceiling correspond to the income earned above/below the expected return rate; (3) The actual return on assets amounted to R$ 1,002,269 (R$ 850,018 at 06/30/2018). Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 138

g) Defined benefit contribution Estimated Contributions made contribution 01/01 to 01/01 to 2019 06/30/2019 06/30/2018 Pension plan - FIU 47,279 31,586 29,537 Pension plan - FUNBEP 10,115 4,199 4,996 57,394 35,785 34,533 Total h) Maturity profile of defined benefit liabilities (*) Duration 2019 2020 2021 2022 2023 2024 to 2028 Pension plan - FIU 10.88 799,004 823,503 858,735 893,598 929,239 5,184,106 Pension plan - FUNBEP 10.09 370,160 387,370 404,340 419,677 434,644 2,361,645 Other post-employment benefits 12.02 16,981 18,073 19,223 20,388 21,569 127,453 Total 1,186,145 1,228,946 1,282,298 1,333,663 1,385,452 7,673,204 (*) Average duration of plan´s actuarial liabilities. i) Sensitivity analysis To measure the effects of changes in the key assumptions, sensitivity tests were conducted in actuarial liabilities. The sensitivity analysis considers a vision of the impacts caused by changes in assumptions, which could affect the income for the period and stockholders’ equity at the balance sheet date. This type of analysis is usually carried out under the ceteris paribus condition, in which the sensitivity of a system is measured when only one variable of interest is changed and all the others remain unchanged. The results obtained are shown in the table below: BD and CV plans Other post-employment benefits Stockholders´ Stockholders´ Present value Present value Main assumptions Income Income (*) (*) of liability of liability equity equity Interest rate Increase by 0.5% (717,588) - 76,368 (15,202) - (15,202) Decrease by 0.5% 782,123 - (249,711) 16,720 - 16,720 Mortality rate Increase by 5% (159,871) - 45,128 (6,309) - (6,309) Decrease by 5% 167,150 - (47,704) 6,752 - 6,752 Medical inflation Increase by 1% - - - 32,653 - 32,653 Decrease by 1% - - - (27,667) - (27,667) (*) Net of effects of asset ceiling. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 139 g) Defined benefit contribution Estimated Contributions made contribution 01/01 to 01/01 to 2019 06/30/2019 06/30/2018 Pension plan - FIU 47,279 31,586 29,537 Pension plan - FUNBEP 10,115 4,199 4,996 57,394 35,785 34,533 Total h) Maturity profile of defined benefit liabilities (*) Duration 2019 2020 2021 2022 2023 2024 to 2028 Pension plan - FIU 10.88 799,004 823,503 858,735 893,598 929,239 5,184,106 Pension plan - FUNBEP 10.09 370,160 387,370 404,340 419,677 434,644 2,361,645 Other post-employment benefits 12.02 16,981 18,073 19,223 20,388 21,569 127,453 Total 1,186,145 1,228,946 1,282,298 1,333,663 1,385,452 7,673,204 (*) Average duration of plan´s actuarial liabilities. i) Sensitivity analysis To measure the effects of changes in the key assumptions, sensitivity tests were conducted in actuarial liabilities. The sensitivity analysis considers a vision of the impacts caused by changes in assumptions, which could affect the income for the period and stockholders’ equity at the balance sheet date. This type of analysis is usually carried out under the ceteris paribus condition, in which the sensitivity of a system is measured when only one variable of interest is changed and all the others remain unchanged. The results obtained are shown in the table below: BD and CV plans Other post-employment benefits Stockholders´ Stockholders´ Present value Present value Main assumptions Income Income (*) (*) of liability of liability equity equity Interest rate Increase by 0.5% (717,588) - 76,368 (15,202) - (15,202) Decrease by 0.5% 782,123 - (249,711) 16,720 - 16,720 Mortality rate Increase by 5% (159,871) - 45,128 (6,309) - (6,309) Decrease by 5% 167,150 - (47,704) 6,752 - 6,752 Medical inflation Increase by 1% - - - 32,653 - 32,653 Decrease by 1% - - - (27,667) - (27,667) (*) Net of effects of asset ceiling. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 139

Note 17 – Information on foreign subsidiaries ITAÚ UNIBANCO HOLDING CONSOLIDATED has subsidiaries abroad, subdivided into: • Foreign branches: Itaú Unibanco S.A. – Grand Cayman Branch, New York Branch, Tokyo Branch, Itaú Unibanco Holding S.A. Grand Cayman Branch and Itaú CorpBanca New York Branch; • Latin America consolidated: basically compose of subsidiaries Banco Itaú Argentina S.A., Banco Itaú Uruguay S.A., Banco Itaú Paraguay S.A., Itaú CorpBanca and Itaú CorpBanca Colômbia S.A.; • Other foreign companies: basically compose of subsidiaries Itaú Bank Ltd., ITB Holding Ltd. and Itau BBA International plc. More information on results of foreign units are in the Management’s Discussion and Analysis Report. Net income 01/01 to 01/01 to 06/30/2019 06/30/2018 Foreign branches 806,091 213,029 Latin America consolidated 875,327 755,857 Other foreign companies 289,714 349,946 1,924,421 1,355,323 Foreign consolidated Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 140 Note 17 – Information on foreign subsidiaries ITAÚ UNIBANCO HOLDING CONSOLIDATED has subsidiaries abroad, subdivided into: • Foreign branches: Itaú Unibanco S.A. – Grand Cayman Branch, New York Branch, Tokyo Branch, Itaú Unibanco Holding S.A. Grand Cayman Branch and Itaú CorpBanca New York Branch; • Latin America consolidated: basically compose of subsidiaries Banco Itaú Argentina S.A., Banco Itaú Uruguay S.A., Banco Itaú Paraguay S.A., Itaú CorpBanca and Itaú CorpBanca Colômbia S.A.; • Other foreign companies: basically compose of subsidiaries Itaú Bank Ltd., ITB Holding Ltd. and Itau BBA International plc. More information on results of foreign units are in the Management’s Discussion and Analysis Report. Net income 01/01 to 01/01 to 06/30/2019 06/30/2018 Foreign branches 806,091 213,029 Latin America consolidated 875,327 755,857 Other foreign companies 289,714 349,946 1,924,421 1,355,323 Foreign consolidated Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 140

Note 18 – Risk, Capital Management and Fixed Assets Limits a) Corporate Governance ITAÚ UNIBANCO HOLDING CONSOLIDATED invests in sound processes for risk and capital management that permeates the whole institution and are the basis of all strategic decisions to ensure business sustainability. These processes are aligned with the guidelines of the Board of Directors and Executives that, through corporate bodies, define the global objectives that are measured as goals and limits to the risk management units. Control and capital management units, in turn, support the ITAÚ UNIBANCO HOLDING CONSOLIDATED’s management by monitoring and analyzing risk and capital. The Board of Directors is the main body responsible for establishing guidelines, policies, and approval levels for risk and capital management. The Capital and Risk Management Committee (CGRC), in turn, is responsible for supporting the Board of Directors in the performance of its assignments related to capital and risk management. In the executive level, collegiate bodies, presided over by the Chief Executive Officer (CEO) of ITAÚ UNIBANCO HOLDING CONSOLIDATED, are responsible for capital and risk management and which decisions are monitored in the scope of CGRC. Additionally, ITAÚ UNIBANCO HOLDING CONSOLIDATED has panels collegiate bodies, which exercise the responsibilities delegated in capital and risk management, presided over by the Executive Vice-President of the Risk and Finance Department (ARF). To support this structure, ARF has specialized executive boards to ensure, on an independent and centralized basis, that the institution’s risks and capital are managed in compliance with policies and procedures established. b) Risk Management Risk Appetite The risk appetite of ITAÚ UNIBANCO HOLDING CONSOLIDATED is based on the Board of Director’s statement: “We are a universal bank, operating mainly in Latin America. Supported by our risk culture, we act with strict ethical standard and regulatory compliance, in search for high and increasing results, with low volatility, through long-lasting relationship with the client, correct risk pricing, pulverized funding and proper use of capital.” Based on this statement, five dimensions have been established (Capitalization, Liquidity, Composition of results, Operational Risk and Reputation). Each dimension is made up of a set of metrics associated with the main risks involved, combining supplementary measurement methods, in search for a comprehensive vision of our exposures. The Board of Directors is responsible for approving guidelines and limits for risk appetite, exercising its activities with the support of CGRC and CRO - Chief Risk Officer. The limits for risk appetite are frequently monitored and reported to risk committees and to the Board of Directors, which will guide the preventive measures to be taken to ensure that exposures are aligned with the strategies of ITAÚ UNIBANCO HOLDING CONSOLIDATED. Among BACEN’s requirement for proper risk and capital management, noteworthy are the Risk Appetite Statement” (RAS) and the implementation of continuous and integrated risk management structure, the stress test program, the organization of the Risk Committee and nomination, before BACEN, of the Chief Risk Officer (CRO), with assignment of roles, responsibilities and independence requirements. Substantiation for risk appetite, risk management and guidelines for activities of employees of ITAÚ UNIBANCO HOLDING CONSOLIDATED the day-to-day for decision-making purposes are: · Sustainability and client satisfaction: ITAÚ UNIBANCO HOLDING CONSOLIDATED’s vision is to be the leading bank in sustainable performance and client satisfaction and, therefore, it is committed to creating shared value to employees, clients, stockholders, and society, ensuring the continuity of business. ITAÚ UNIBANCO HOLDING CONSOLIDATED’s is committed to do business that is good both for the client and the institution itself; Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 141 Note 18 – Risk, Capital Management and Fixed Assets Limits a) Corporate Governance ITAÚ UNIBANCO HOLDING CONSOLIDATED invests in sound processes for risk and capital management that permeates the whole institution and are the basis of all strategic decisions to ensure business sustainability. These processes are aligned with the guidelines of the Board of Directors and Executives that, through corporate bodies, define the global objectives that are measured as goals and limits to the risk management units. Control and capital management units, in turn, support the ITAÚ UNIBANCO HOLDING CONSOLIDATED’s management by monitoring and analyzing risk and capital. The Board of Directors is the main body responsible for establishing guidelines, policies, and approval levels for risk and capital management. The Capital and Risk Management Committee (CGRC), in turn, is responsible for supporting the Board of Directors in the performance of its assignments related to capital and risk management. In the executive level, collegiate bodies, presided over by the Chief Executive Officer (CEO) of ITAÚ UNIBANCO HOLDING CONSOLIDATED, are responsible for capital and risk management and which decisions are monitored in the scope of CGRC. Additionally, ITAÚ UNIBANCO HOLDING CONSOLIDATED has panels collegiate bodies, which exercise the responsibilities delegated in capital and risk management, presided over by the Executive Vice-President of the Risk and Finance Department (ARF). To support this structure, ARF has specialized executive boards to ensure, on an independent and centralized basis, that the institution’s risks and capital are managed in compliance with policies and procedures established. b) Risk Management Risk Appetite The risk appetite of ITAÚ UNIBANCO HOLDING CONSOLIDATED is based on the Board of Director’s statement: “We are a universal bank, operating mainly in Latin America. Supported by our risk culture, we act with strict ethical standard and regulatory compliance, in search for high and increasing results, with low volatility, through long-lasting relationship with the client, correct risk pricing, pulverized funding and proper use of capital.” Based on this statement, five dimensions have been established (Capitalization, Liquidity, Composition of results, Operational Risk and Reputation). Each dimension is made up of a set of metrics associated with the main risks involved, combining supplementary measurement methods, in search for a comprehensive vision of our exposures. The Board of Directors is responsible for approving guidelines and limits for risk appetite, exercising its activities with the support of CGRC and CRO - Chief Risk Officer. The limits for risk appetite are frequently monitored and reported to risk committees and to the Board of Directors, which will guide the preventive measures to be taken to ensure that exposures are aligned with the strategies of ITAÚ UNIBANCO HOLDING CONSOLIDATED. Among BACEN’s requirement for proper risk and capital management, noteworthy are the Risk Appetite Statement” (RAS) and the implementation of continuous and integrated risk management structure, the stress test program, the organization of the Risk Committee and nomination, before BACEN, of the Chief Risk Officer (CRO), with assignment of roles, responsibilities and independence requirements. Substantiation for risk appetite, risk management and guidelines for activities of employees of ITAÚ UNIBANCO HOLDING CONSOLIDATED the day-to-day for decision-making purposes are: · Sustainability and client satisfaction: ITAÚ UNIBANCO HOLDING CONSOLIDATED’s vision is to be the leading bank in sustainable performance and client satisfaction and, therefore, it is committed to creating shared value to employees, clients, stockholders, and society, ensuring the continuity of business. ITAÚ UNIBANCO HOLDING CONSOLIDATED’s is committed to do business that is good both for the client and the institution itself; Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 141

· Risk Culture: ITAÚ UNIBANCO HOLDING CONSOLIDATED’s risk culture goes beyond policies, procedures or processes, as it strengthens the individual and collective responsibility of all employees so they do the right thing at the right moment and on the proper way, by respecting the ethical way of doing business; · Risk pricing: ITAÚ UNIBANCO HOLDING CONSOLIDATED’s acts and assumes risks in business it knows and understands, avoiding risks that are unknown to the institution or that do not have a competitive edge, therefore carefully assessing the risk-return ratio; · Diversification: ITAÚ UNIBANCO HOLDING CONSOLIDATED has low appetite to volatility in results and, therefore, it operates with a diversified base of clients, products and business, seeking to diversify risks and giving priority to lower risk business; · Operational excellence: It is the wish of ITAÚ UNIBANCO HOLDING CONSOLIDATED to be an agile bank, with a robust and stable infrastructure to offer top services; · Ethics and respect for regulation: for ITAÚ UNIBANCO HOLDING CONSOLIDATED, ethics is non- negotiable, and, therefore, the institute promotes an institutional environment that has integrity, guiding employees to cultivate ethics in relationships and business, and the respect for rules, as it cultivates the care for the institution’s reputation. ITAÚ UNIBANCO HOLDING CONSOLIDATED adopts several initiatives to disseminate risk culture, based on four principles: conscious risk-taking, discussion of the risks the institution faces, the corresponding action taken, and the responsibility of everyone to manage risks. These principles lay down the basis for ITAÚ UNIBANCO HOLDING CONSOLIDATED’s guidelines by helping employees to consciously understand, identify, measure, manage and mitigate risks. I – Credit risk Possibility of losses arising from the breach by the borrower, issuer or counterparty of the respective agreed- upon financial obligations, the devaluation of loan agreement due to downgrading of the borrower’s, the issuer’s, the counterparty’s risk rating, the reduction in gains or compensation, the advantages given upon posterior renegotiation and the recovery costs. There is a credit risk control and management structure, centralized and independent from the business units, that provides for operational limits and risk mitigating mechanisms, in addition for establishing processes and tools to measure, monitor and control the credit risk inherent in all products, portfolio concentrations and the impacts from potential changes in the economic environment. The credit policy of ITAÚ UNIBANCO HOLDING CONSOLIDATED is based on internal criteria such as: classification of clients, performance and portfolio evolution, default levels, return rate and economic capital allocated, among other external factors, such as: interest rates, market default indicators, inflation, consumption variation, among others. In compliance with CMN Resolution 4,557, of February 2017, 23, the document “Public Access Report – Credit Risk“, which includes the guidelines established by the institutional credit risk control policy can be viewed at www.itau.com.br/investor-relations, under Itaú Unibanco, Corporate Governance, Regulations and Policies, Reports. II - Market risk Possibility of incurring financial losses arising from the changes in the market value of positions held by a financial institution, including the risks of transactions subject to foreign exchange variation, interest rates, share prices, price indexes and commodity prices. ITAÚ UNIBANCO HOLDING CONSOLIDATED’s market risk management strategy is aimed at balancing corporate business goals, taking into account, among other things: political, economic and market conditions; portfolio profile of ITAÚ UNIBANCO HOLDING CONSOLIDATED and expertise within the group to support operations in specific markets. The market risk is controlled by an area independent from the business areas, which is responsible for the daily activities of: (i) risk measurement and assessment, (ii) monitoring of stress scenarios, limits and warnings, (iii) application, analysis and tests of stress scenarios, (iv) risk reporting for individuals responsible within the business areas, in compliance with governance of ITAÚ UNIBANCO HOLDING CONSOLIDATED, (v) monitoring of actions required for adjustment of positions and/or risk levels to make them feasible, and (vi) support to the launch of new financial products with security. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 142 · Risk Culture: ITAÚ UNIBANCO HOLDING CONSOLIDATED’s risk culture goes beyond policies, procedures or processes, as it strengthens the individual and collective responsibility of all employees so they do the right thing at the right moment and on the proper way, by respecting the ethical way of doing business; · Risk pricing: ITAÚ UNIBANCO HOLDING CONSOLIDATED’s acts and assumes risks in business it knows and understands, avoiding risks that are unknown to the institution or that do not have a competitive edge, therefore carefully assessing the risk-return ratio; · Diversification: ITAÚ UNIBANCO HOLDING CONSOLIDATED has low appetite to volatility in results and, therefore, it operates with a diversified base of clients, products and business, seeking to diversify risks and giving priority to lower risk business; · Operational excellence: It is the wish of ITAÚ UNIBANCO HOLDING CONSOLIDATED to be an agile bank, with a robust and stable infrastructure to offer top services; · Ethics and respect for regulation: for ITAÚ UNIBANCO HOLDING CONSOLIDATED, ethics is non- negotiable, and, therefore, the institute promotes an institutional environment that has integrity, guiding employees to cultivate ethics in relationships and business, and the respect for rules, as it cultivates the care for the institution’s reputation. ITAÚ UNIBANCO HOLDING CONSOLIDATED adopts several initiatives to disseminate risk culture, based on four principles: conscious risk-taking, discussion of the risks the institution faces, the corresponding action taken, and the responsibility of everyone to manage risks. These principles lay down the basis for ITAÚ UNIBANCO HOLDING CONSOLIDATED’s guidelines by helping employees to consciously understand, identify, measure, manage and mitigate risks. I – Credit risk Possibility of losses arising from the breach by the borrower, issuer or counterparty of the respective agreed- upon financial obligations, the devaluation of loan agreement due to downgrading of the borrower’s, the issuer’s, the counterparty’s risk rating, the reduction in gains or compensation, the advantages given upon posterior renegotiation and the recovery costs. There is a credit risk control and management structure, centralized and independent from the business units, that provides for operational limits and risk mitigating mechanisms, in addition for establishing processes and tools to measure, monitor and control the credit risk inherent in all products, portfolio concentrations and the impacts from potential changes in the economic environment. The credit policy of ITAÚ UNIBANCO HOLDING CONSOLIDATED is based on internal criteria such as: classification of clients, performance and portfolio evolution, default levels, return rate and economic capital allocated, among other external factors, such as: interest rates, market default indicators, inflation, consumption variation, among others. In compliance with CMN Resolution 4,557, of February 2017, 23, the document “Public Access Report – Credit Risk“, which includes the guidelines established by the institutional credit risk control policy can be viewed at www.itau.com.br/investor-relations, under Itaú Unibanco, Corporate Governance, Regulations and Policies, Reports. II - Market risk Possibility of incurring financial losses arising from the changes in the market value of positions held by a financial institution, including the risks of transactions subject to foreign exchange variation, interest rates, share prices, price indexes and commodity prices. ITAÚ UNIBANCO HOLDING CONSOLIDATED’s market risk management strategy is aimed at balancing corporate business goals, taking into account, among other things: political, economic and market conditions; portfolio profile of ITAÚ UNIBANCO HOLDING CONSOLIDATED and expertise within the group to support operations in specific markets. The market risk is controlled by an area independent from the business areas, which is responsible for the daily activities of: (i) risk measurement and assessment, (ii) monitoring of stress scenarios, limits and warnings, (iii) application, analysis and tests of stress scenarios, (iv) risk reporting for individuals responsible within the business areas, in compliance with governance of ITAÚ UNIBANCO HOLDING CONSOLIDATED, (v) monitoring of actions required for adjustment of positions and/or risk levels to make them feasible, and (vi) support to the launch of new financial products with security. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 142

The National Monetary Council (CMN) has regulations that establish the segregation of exposure to market risk at least in the following categories: interest rate, exchange rate, shares and commodities. Brazilian inflation indexes are treated as a group of risk indicators and receive the same treatment given to other risk indicators. The structure of limits and warnings is in line with the Board of Directors’ guidelines, and it is reviewed and approved on an annual basis. This structure has specific limits aiming at improving the risk monitoring and understanding process, and at avoiding concentration. These limits are quantified by assessing the forecasted results of the balance sheet, size of stockholders’ equity, liquidity, market complexity and volatility, as well as the institution’s appetite for risk. In order to set up operations within the defined limits, ITAÚ UNIBANCO HOLDING CONSOLIDATED hedges transactions with clients and proprietary positions, including its foreign investments. Derivatives are commonly used for these hedging activities, and can be characterized as accounting or economic hedge, both governed by the institutional polices of ITAÚ UNIBANCO HOLDING CONSOLIDATED (Note 5 - Securities and derivative financial instruments). The market risk structure categorizes transactions as part of either the banking portfolio or the trading portfolio, in accordance with general criteria established by CMN Resolution nº. 4,557, of February 2017, 23, and BACEN Circular nº. 3,354, of June 2007, 27. The trading portfolio consists of all transactions involving financial instruments and goods, including derivatives, which are carried out with the intention of trading. The banking portfolio is basically characterized by transactions from the banking business, and transactions related to the management of the balance sheet of the institution, it has the no-intention of resale and medium and long term time horizons as general guidelines. Market risk management analyses is conducted based on the following metrics: · Value at risk (VaR): statistical measure that estimates the expected maximum potential economic loss under normal market conditions, considering a certain time horizon and confidence level; · Losses in stress scenarios: simulation technique to assess the behavior of assets, liabilities and derivatives of a portfolio when several risk factors are taken to extreme market situations (based on prospective and historical scenarios); · Stop loss: metrics which purpose is to review positions, should losses accumulated in a certain period reach a certain amount; · Concentration: cumulative exposure of a certain financial instrument or risk factor, calculated at market value (“MtM – Mark to Market”); and · Stressed VaR: statistical metric arising from VaR calculation, which purpose is to capture higher risk in simulations for the trading portfolio, considering returns that can be seen in historical scenarios of extreme volatility. Management of interest rate risk in the Banking Book (IRRBB) is performed based on the following metrics: · ΔEVE: difference between the present value of sum of repricing flows instruments subject to IRRBB in a base scenario and present value of sum of repricing flows of these instruments in a scenario of shock in interest rates; · ΔNII: difference between the result of financial intermediation of instruments subject to IRRBB in a base scenario and the result of financial intermediation of these instruments in a scenario of shock in interest rates. In addition to the aforementioned risk measures, sensitivity and loss control measures are also analyzed. They comprise: · Mismatching analysis (GAPS): accumulated exposure by risk factor of cash flows expressed at market value, allocated at the maturity dates; · Sensitivity (DV01- Delta Variation): impact on the market value of cash flows, when submitted to an one annual basis point increase in the current interest rates or index rate; · Sensitivity to several risk factors (Greeks): partial derivatives of an option portfolio in relation to the prices of underlying assets, implied volatilities, interest rates and time. ITAÚ UNIBANCO HOLDING CONSOLIDATED uses proprietary systems to measure the consolidated market risk. The processing of these systems occurs in an access-controlled environment, being highly available, which has data safekeeping and recovery processes and counts on such an infrastructure to ensure the continuity of business in contingency (disaster recovery) situations. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 143 The National Monetary Council (CMN) has regulations that establish the segregation of exposure to market risk at least in the following categories: interest rate, exchange rate, shares and commodities. Brazilian inflation indexes are treated as a group of risk indicators and receive the same treatment given to other risk indicators. The structure of limits and warnings is in line with the Board of Directors’ guidelines, and it is reviewed and approved on an annual basis. This structure has specific limits aiming at improving the risk monitoring and understanding process, and at avoiding concentration. These limits are quantified by assessing the forecasted results of the balance sheet, size of stockholders’ equity, liquidity, market complexity and volatility, as well as the institution’s appetite for risk. In order to set up operations within the defined limits, ITAÚ UNIBANCO HOLDING CONSOLIDATED hedges transactions with clients and proprietary positions, including its foreign investments. Derivatives are commonly used for these hedging activities, and can be characterized as accounting or economic hedge, both governed by the institutional polices of ITAÚ UNIBANCO HOLDING CONSOLIDATED (Note 5 - Securities and derivative financial instruments). The market risk structure categorizes transactions as part of either the banking portfolio or the trading portfolio, in accordance with general criteria established by CMN Resolution nº. 4,557, of February 2017, 23, and BACEN Circular nº. 3,354, of June 2007, 27. The trading portfolio consists of all transactions involving financial instruments and goods, including derivatives, which are carried out with the intention of trading. The banking portfolio is basically characterized by transactions from the banking business, and transactions related to the management of the balance sheet of the institution, it has the no-intention of resale and medium and long term time horizons as general guidelines. Market risk management analyses is conducted based on the following metrics: · Value at risk (VaR): statistical measure that estimates the expected maximum potential economic loss under normal market conditions, considering a certain time horizon and confidence level; · Losses in stress scenarios: simulation technique to assess the behavior of assets, liabilities and derivatives of a portfolio when several risk factors are taken to extreme market situations (based on prospective and historical scenarios); · Stop loss: metrics which purpose is to review positions, should losses accumulated in a certain period reach a certain amount; · Concentration: cumulative exposure of a certain financial instrument or risk factor, calculated at market value (“MtM – Mark to Market”); and · Stressed VaR: statistical metric arising from VaR calculation, which purpose is to capture higher risk in simulations for the trading portfolio, considering returns that can be seen in historical scenarios of extreme volatility. Management of interest rate risk in the Banking Book (IRRBB) is performed based on the following metrics: · ΔEVE: difference between the present value of sum of repricing flows instruments subject to IRRBB in a base scenario and present value of sum of repricing flows of these instruments in a scenario of shock in interest rates; · ΔNII: difference between the result of financial intermediation of instruments subject to IRRBB in a base scenario and the result of financial intermediation of these instruments in a scenario of shock in interest rates. In addition to the aforementioned risk measures, sensitivity and loss control measures are also analyzed. They comprise: · Mismatching analysis (GAPS): accumulated exposure by risk factor of cash flows expressed at market value, allocated at the maturity dates; · Sensitivity (DV01- Delta Variation): impact on the market value of cash flows, when submitted to an one annual basis point increase in the current interest rates or index rate; · Sensitivity to several risk factors (Greeks): partial derivatives of an option portfolio in relation to the prices of underlying assets, implied volatilities, interest rates and time. ITAÚ UNIBANCO HOLDING CONSOLIDATED uses proprietary systems to measure the consolidated market risk. The processing of these systems occurs in an access-controlled environment, being highly available, which has data safekeeping and recovery processes and counts on such an infrastructure to ensure the continuity of business in contingency (disaster recovery) situations. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 143

As of June 30, 2019, ITAÚ UNIBANCO HOLDING CONSOLIDATED presented a Total VaR of R$ 329.9 million, a decrease in relation to the same period of the previous year (R$ 491.1 million at June 30, 2018) due to lower interest rate volatility. The document “Public Access Report – Market Risk“, which includes the guidelines established by the institutional credit risk control policy, which is not an integral part of the financial statements, can be viewed at www.itau.com.br/investor-relations, under Itaú Unibanco, Corporate Governance, Rules and Policies, Reports. III – Liquidity risk The institution’s possibility of not being able to efficiently meet its expected and unexpected obligations, both current and future, including those arising from the pledged guarantees, without affecting its daily operations and without incurring significant losses. The control over liquidity risk is carried out by an area independent from the business area and responsible for establishing the reserve composition, estimating the cash flow and exposure to liquidity risk in different horizons of time, and monitoring the minimum limits to absorb losses in stress scenarios for each country where ITAÚ UNIBANCO HOLDING CONSOLIDATED operates. All activities are subject to verification by the independent validation, internal control and audit areas. The document Public Access Report - Liquidity Risk, that expresses the guidelines set forth by the internal policy on liquidity risk, that is not part of the financial statements, may be viewed on the website www.itau.com.br/investor-relations, in the section Itaú Unibanco, Corporate Governance, Rules and Policies, Reports. IV – Operational risk The possibility of losses from failure of, insufficient or inadequate internal processes, people and systems, or from external events impacting the realization of strategic, tactical or operational objectives. It includes the legal risk, associated with the inadequacy or deficiency in agreements signed by the institution, as well as sanctions for failing to meet legal provisions and compensation for damages to third parties arising from activities performed by the institution. The managers of executive areas adopt corporate methodologies developed and made available by the internal controls, compliance and operational risk area. As part of governance of risk management process, consolidated reports on risk monitoring, controls, action plans and operating losses are periodically presented to the business areas’ executives. In line with the principles of CMN Resolution No. 4,557, of February 2017, 23, the document entitled “Public Access Report – Integrated Management of Operational Risk and Internal Controls“, a summarized version of the institutional operational risk management policy, may be accessed on the website www.itau.com.br/investor- relations, section Itaú Unibanco, “Corporate Governance”, Rules and Policies, Reports. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 144 As of June 30, 2019, ITAÚ UNIBANCO HOLDING CONSOLIDATED presented a Total VaR of R$ 329.9 million, a decrease in relation to the same period of the previous year (R$ 491.1 million at June 30, 2018) due to lower interest rate volatility. The document “Public Access Report – Market Risk“, which includes the guidelines established by the institutional credit risk control policy, which is not an integral part of the financial statements, can be viewed at www.itau.com.br/investor-relations, under Itaú Unibanco, Corporate Governance, Rules and Policies, Reports. III – Liquidity risk The institution’s possibility of not being able to efficiently meet its expected and unexpected obligations, both current and future, including those arising from the pledged guarantees, without affecting its daily operations and without incurring significant losses. The control over liquidity risk is carried out by an area independent from the business area and responsible for establishing the reserve composition, estimating the cash flow and exposure to liquidity risk in different horizons of time, and monitoring the minimum limits to absorb losses in stress scenarios for each country where ITAÚ UNIBANCO HOLDING CONSOLIDATED operates. All activities are subject to verification by the independent validation, internal control and audit areas. The document Public Access Report - Liquidity Risk, that expresses the guidelines set forth by the internal policy on liquidity risk, that is not part of the financial statements, may be viewed on the website www.itau.com.br/investor-relations, in the section Itaú Unibanco, Corporate Governance, Rules and Policies, Reports. IV – Operational risk The possibility of losses from failure of, insufficient or inadequate internal processes, people and systems, or from external events impacting the realization of strategic, tactical or operational objectives. It includes the legal risk, associated with the inadequacy or deficiency in agreements signed by the institution, as well as sanctions for failing to meet legal provisions and compensation for damages to third parties arising from activities performed by the institution. The managers of executive areas adopt corporate methodologies developed and made available by the internal controls, compliance and operational risk area. As part of governance of risk management process, consolidated reports on risk monitoring, controls, action plans and operating losses are periodically presented to the business areas’ executives. In line with the principles of CMN Resolution No. 4,557, of February 2017, 23, the document entitled “Public Access Report – Integrated Management of Operational Risk and Internal Controls“, a summarized version of the institutional operational risk management policy, may be accessed on the website www.itau.com.br/investor- relations, section Itaú Unibanco, “Corporate Governance”, Rules and Policies, Reports. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 144

V - Insurance, private pension and capitalization risks The main risk related to Insurance, Private Pension and Capitalization portfolios are described below and their definitions are presented in their respective chapters. · Underwriting risk: possibility of losses arising from insurance, pension plan and capitalization operations contrary to the institution’s expectations of ITAÚ UNIBANCO HOLDING CONSOLIDATED, directly or indirectly associated with technical and actuarial bases adopted to calculate premiums, contributions and provisions; · Credit risk; · Market risk; · Liquidity risk; · Operational risk. The management process of these risks is independent and focused on the specifics of each risk. VI - Social and environmental risk Risk of potential losses due to exposure to social and environmental damages arising from the performance of its activities. The social and environmental risk management is carried out by the first line of defense in its daily operations, with the technical assessment of the legal and risk areas, which have a technical dedicated team. Business units also have governance for approval of new products, which includes the assessment of the social and environmental risk, therefore ensuring compliance with this requirement for all new products approved by the institution. Governance still has the Social and Environmental Risk Committee, which main duty is to guide the institutional understanding related to exposure to social and environmental risk for the institution’s activities. Mitigation actions concerning the social and environmental risk are carried out by mapping processes, risks and controls, monitoring new regulations on the subject, and recording any occurrences in internal databases. In addition to identification, the phases of prioritization, response, monitoring and reporting of assessed risks supplement this risk monitoring at ITAÚ UNIBANCO HOLDING CONSOLIDATED. Further details on the Social and environmental risk, which is not an integral part of the financial statements, can be viewed at www.itau.com.br/investor-relations, under “Reports” / Pillar 3 and Global Systemically Important Banks / Risk and Capital Management – Pillar 3. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 145 V - Insurance, private pension and capitalization risks The main risk related to Insurance, Private Pension and Capitalization portfolios are described below and their definitions are presented in their respective chapters. · Underwriting risk: possibility of losses arising from insurance, pension plan and capitalization operations contrary to the institution’s expectations of ITAÚ UNIBANCO HOLDING CONSOLIDATED, directly or indirectly associated with technical and actuarial bases adopted to calculate premiums, contributions and provisions; · Credit risk; · Market risk; · Liquidity risk; · Operational risk. The management process of these risks is independent and focused on the specifics of each risk. VI - Social and environmental risk Risk of potential losses due to exposure to social and environmental damages arising from the performance of its activities. The social and environmental risk management is carried out by the first line of defense in its daily operations, with the technical assessment of the legal and risk areas, which have a technical dedicated team. Business units also have governance for approval of new products, which includes the assessment of the social and environmental risk, therefore ensuring compliance with this requirement for all new products approved by the institution. Governance still has the Social and Environmental Risk Committee, which main duty is to guide the institutional understanding related to exposure to social and environmental risk for the institution’s activities. Mitigation actions concerning the social and environmental risk are carried out by mapping processes, risks and controls, monitoring new regulations on the subject, and recording any occurrences in internal databases. In addition to identification, the phases of prioritization, response, monitoring and reporting of assessed risks supplement this risk monitoring at ITAÚ UNIBANCO HOLDING CONSOLIDATED. Further details on the Social and environmental risk, which is not an integral part of the financial statements, can be viewed at www.itau.com.br/investor-relations, under “Reports” / Pillar 3 and Global Systemically Important Banks / Risk and Capital Management – Pillar 3. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 145

c) Capital management governance ITAÚ UNIBANCO HOLDING CONSOLIDATED is subject to the requirements of BACEN, which determines minimum capital requirements, procedures to assess information on globally systemic important banks (G-SIB), fixed asset limits, loan limits, accounting practices and require banks to conform to the regulation based on the Basel Accord for capital adequacy purposes. Additionally, the CNSP and SUSEP issue regulations on capital requirements that impact our insurance operations, and private pension and capitalization plans. The capital statements were prepared in accordance with BACEN’s regulatory requirements and with internationally accepted minimum requirements according to the Bank for International Settlements (BIS). I - Composition of capital The Referential Equity (PR) used to monitor the compliance with the operational limits imposed by BACEN is the sum of three items, namely: · Common Equity Tier I: the sum of capital, reserves and retained earnings, less deductions and prudential adjustments; · Additional Tier I Capital: consists of instruments of a perpetual nature, which meet eligibility requirements. Together with Common Equity Tier I it makes up Tier I; · Tier II: consists of subordinated debt instruments with defined maturity dates that meet eligibility requirements. Together with the Common Equity Tier I and the Additional Tier I Capital, it makes up the Total Capital. Composition of Referential Equity 06/30/2019 06/30/2018 Stockholders’ equity attributable to controlling interests 125,737,038 121,757,711 Non-controlling interests 12,428,204 13,166,959 Change in interest in subsidiaries in a capital transaction 50,021 809,572 Consolidated stockholders’ equity (BACEN) 138,215,263 135,734,242 Common Equity Tier I prudential adjustments (22,716,814) (25,276,903) Common Equity Tier I 115,498,449 110,457,339 Instruments Eligible to comprise Additional Tier I 10,768,636 7,663,805 Additional Tier I Prudential Adjustments 106,005 82,021 Additional Tier I Capital 10,874,641 7,745,826 Tier I (Common Equity Tier I + Additional Tier I Capital) 126,373,090 118,203,165 Instruments Eligible to comprise Tier II 11,833,538 15,778,051 Tier II Prudential Adjustments 60,470 91,133 Tier II 11,894,008 15,869,184 Referential Equity (Tier I + Tier II) 138,267,098 134,072,349 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 146 c) Capital management governance ITAÚ UNIBANCO HOLDING CONSOLIDATED is subject to the requirements of BACEN, which determines minimum capital requirements, procedures to assess information on globally systemic important banks (G-SIB), fixed asset limits, loan limits, accounting practices and require banks to conform to the regulation based on the Basel Accord for capital adequacy purposes. Additionally, the CNSP and SUSEP issue regulations on capital requirements that impact our insurance operations, and private pension and capitalization plans. The capital statements were prepared in accordance with BACEN’s regulatory requirements and with internationally accepted minimum requirements according to the Bank for International Settlements (BIS). I - Composition of capital The Referential Equity (PR) used to monitor the compliance with the operational limits imposed by BACEN is the sum of three items, namely: · Common Equity Tier I: the sum of capital, reserves and retained earnings, less deductions and prudential adjustments; · Additional Tier I Capital: consists of instruments of a perpetual nature, which meet eligibility requirements. Together with Common Equity Tier I it makes up Tier I; · Tier II: consists of subordinated debt instruments with defined maturity dates that meet eligibility requirements. Together with the Common Equity Tier I and the Additional Tier I Capital, it makes up the Total Capital. Composition of Referential Equity 06/30/2019 06/30/2018 Stockholders’ equity attributable to controlling interests 125,737,038 121,757,711 Non-controlling interests 12,428,204 13,166,959 Change in interest in subsidiaries in a capital transaction 50,021 809,572 Consolidated stockholders’ equity (BACEN) 138,215,263 135,734,242 Common Equity Tier I prudential adjustments (22,716,814) (25,276,903) Common Equity Tier I 115,498,449 110,457,339 Instruments Eligible to comprise Additional Tier I 10,768,636 7,663,805 Additional Tier I Prudential Adjustments 106,005 82,021 Additional Tier I Capital 10,874,641 7,745,826 Tier I (Common Equity Tier I + Additional Tier I Capital) 126,373,090 118,203,165 Instruments Eligible to comprise Tier II 11,833,538 15,778,051 Tier II Prudential Adjustments 60,470 91,133 Tier II 11,894,008 15,869,184 Referential Equity (Tier I + Tier II) 138,267,098 134,072,349 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 146

II - Capital requirements in place and in progress Minimum capital requirements are expressed as indexes that relate available capital and risk-weighted assets (RWA). Schedule for Basel III implementation st As from January 1 (1) 2018 2019 Common Equity Tier I 4.5% 4.5% Tier I 6.0% 6.0% Total capital 8.625% 8.0% Additional Capital Buffers (ACP) 2.375% 3.5% Conservation 1.875% 2.5% (2) Countercyclical 0% 0% (3) Systemic 0.5% 1.0% Common Equity Tier I + ACP 6.875% 8.0% Total capital + ACP 11.0% 11.5% Prudential adjustment deductions 100% 100% (1) Petition valid after of January 1st, 2019. (2) ACP is triggered during the credit cycle expansion phase. Furthermore, in the event of increase in ACPCountercyclical, the new Countercyclical percentage will be effective only twelve months after it is announced. (3) Calculation of ACP associates the systemic importance, represented by the institution’s total exposure, to Gross Domestic Product (GDP). Systemic III - Risk-Weighted Assets (RWA) For assessing the minimum capital requirements, the RWA must be calculated by adding the following risk exposures: RWA = RWA + RWA + RWA CPAD MINT OPAD 06/30/2019 06/30/2018 (1) 724,300,394 685,245,315 Credit risk (RWA ) CPAD (2) Market risk (RWA ) 41,359,479 25,014,863 MINT (3) 81,341,095 70,467,968 Operational risk (RWAP ) OPAD Total risk-weighted assets 847,000,968 780,728,146 (1) Portion related to exposures to credit risk, calculated using the standardized approach; (2) Portion related to capital required for market risk, composed of the maximum between the internal model and 80% of the standardized model, regulated by BACEN Circulars nº 3,646 and nº 3,674; (3) Portion related to capital required for operational risk, calculated based on the standardized approach. The tables below present the breakdown of credit, market and operational risk weighted assets, respectively: Credit risk 06/30/2019 06/30/2018 Marketable securities 40,505,517 37,929,878 Loan operations – Retail 129,620,818 117,128,373 Loan operations – Non-retail 264,656,657 256,661,940 Joint Liabilities - Retail 145,871 149,219 Joint Liabilities - Non-Retail 42,867,430 45,261,996 Loan commitments – Retail 36,922,442 33,499,411 Loan commitments – Non-retail 11,507,076 10,870,987 Derivatives – Future potential gain 4,747,581 4,294,222 Agency Transition 1,349,767 2,912,141 Other exposures 191,977,235 176,537,148 Total 724,300,394 685,245,315 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 147 II - Capital requirements in place and in progress Minimum capital requirements are expressed as indexes that relate available capital and risk-weighted assets (RWA). Schedule for Basel III implementation st As from January 1 (1) 2018 2019 Common Equity Tier I 4.5% 4.5% Tier I 6.0% 6.0% Total capital 8.625% 8.0% Additional Capital Buffers (ACP) 2.375% 3.5% Conservation 1.875% 2.5% (2) Countercyclical 0% 0% (3) Systemic 0.5% 1.0% Common Equity Tier I + ACP 6.875% 8.0% Total capital + ACP 11.0% 11.5% Prudential adjustment deductions 100% 100% (1) Petition valid after of January 1st, 2019. (2) ACP is triggered during the credit cycle expansion phase. Furthermore, in the event of increase in ACPCountercyclical, the new Countercyclical percentage will be effective only twelve months after it is announced. (3) Calculation of ACP associates the systemic importance, represented by the institution’s total exposure, to Gross Domestic Product (GDP). Systemic III - Risk-Weighted Assets (RWA) For assessing the minimum capital requirements, the RWA must be calculated by adding the following risk exposures: RWA = RWA + RWA + RWA CPAD MINT OPAD 06/30/2019 06/30/2018 (1) 724,300,394 685,245,315 Credit risk (RWA ) CPAD (2) Market risk (RWA ) 41,359,479 25,014,863 MINT (3) 81,341,095 70,467,968 Operational risk (RWAP ) OPAD Total risk-weighted assets 847,000,968 780,728,146 (1) Portion related to exposures to credit risk, calculated using the standardized approach; (2) Portion related to capital required for market risk, composed of the maximum between the internal model and 80% of the standardized model, regulated by BACEN Circulars nº 3,646 and nº 3,674; (3) Portion related to capital required for operational risk, calculated based on the standardized approach. The tables below present the breakdown of credit, market and operational risk weighted assets, respectively: Credit risk 06/30/2019 06/30/2018 Marketable securities 40,505,517 37,929,878 Loan operations – Retail 129,620,818 117,128,373 Loan operations – Non-retail 264,656,657 256,661,940 Joint Liabilities - Retail 145,871 149,219 Joint Liabilities - Non-Retail 42,867,430 45,261,996 Loan commitments – Retail 36,922,442 33,499,411 Loan commitments – Non-retail 11,507,076 10,870,987 Derivatives – Future potential gain 4,747,581 4,294,222 Agency Transition 1,349,767 2,912,141 Other exposures 191,977,235 176,537,148 Total 724,300,394 685,245,315 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 147

Market Risk (1) (1) 06/30/2019 06/30/2018 Market Risk Weighted Assets - Standard Aproach (RWAM ) 51,699,349 31,268,579 PAD Operations subject to interest rate variation 47,412,876 28,039,607 Fixed rate denominated in reais 1,976,338 3,469,107 Foreign exchange coupons 37,387,800 18,613,852 Price index coupon 8,048,738 5,956,647 Interest rate coupon - 1 Operations subject to commodity price variation 899,688 854,249 Operations subject to stock price variation 805,100 355,444 Operations subject to risk exposures in gold, foreign currency and foreign 2,581,685 2,019,279 (1) Minimum Market Risk Weighted Assets - Standard Aproach (RWAM ) (a) 41,359,479 25,014,863 PAD Market Risk Weighted Assets calculated based on internal methodology (b) 40,008,263 18,593,453 Reduction of Market Risk Weighted Assets due to Internal Models Aproach (IMA) ( 10,339,870) ( 6,253,716) Market Risk Weighted Assets (RWA ) - maximum of (a) and (b) 41,359,479 25,014,863 MINT (1) Calculated based on internal models, with maximum saving possibility of 20% of the standard model. Operational Risk 06/30/2019 06/30/2018 Operational Risk-Weighted Assets (RWA ) 81,341,095 70,467,968 OPAD Retail 13,985,390 12,789,549 Commercial 27,817,635 26,375,036 Corporate finance 2,819,189 2,799,191 Negotiation and sales 15,461,304 10,013,515 Payments and settlements 8,897,104 8,195,799 Financial agent services 4,671,972 4,279,591 Asset management 7,661,255 5,994,084 Retail brokerage 27,246 21,203 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 148 Market Risk (1) (1) 06/30/2019 06/30/2018 Market Risk Weighted Assets - Standard Aproach (RWAM ) 51,699,349 31,268,579 PAD Operations subject to interest rate variation 47,412,876 28,039,607 Fixed rate denominated in reais 1,976,338 3,469,107 Foreign exchange coupons 37,387,800 18,613,852 Price index coupon 8,048,738 5,956,647 Interest rate coupon - 1 Operations subject to commodity price variation 899,688 854,249 Operations subject to stock price variation 805,100 355,444 Operations subject to risk exposures in gold, foreign currency and foreign 2,581,685 2,019,279 (1) Minimum Market Risk Weighted Assets - Standard Aproach (RWAM ) (a) 41,359,479 25,014,863 PAD Market Risk Weighted Assets calculated based on internal methodology (b) 40,008,263 18,593,453 Reduction of Market Risk Weighted Assets due to Internal Models Aproach (IMA) ( 10,339,870) ( 6,253,716) Market Risk Weighted Assets (RWA ) - maximum of (a) and (b) 41,359,479 25,014,863 MINT (1) Calculated based on internal models, with maximum saving possibility of 20% of the standard model. Operational Risk 06/30/2019 06/30/2018 Operational Risk-Weighted Assets (RWA ) 81,341,095 70,467,968 OPAD Retail 13,985,390 12,789,549 Commercial 27,817,635 26,375,036 Corporate finance 2,819,189 2,799,191 Negotiation and sales 15,461,304 10,013,515 Payments and settlements 8,897,104 8,195,799 Financial agent services 4,671,972 4,279,591 Asset management 7,661,255 5,994,084 Retail brokerage 27,246 21,203 Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 148

IV – Capital adequacy The Board of Directors is the body responsible for approving the capital management institutional policy and guidelines for the capitalization level of ITAÚ UNIBANCO HOLDING CONSOLIDATED. The Board is also responsible for the full approval of the ICAAP (Internal Capital Adequacy Assessment Process) report, which purpose is to assess the capital adequacy of ITAÚ UNIBANCO HOLDING CONSOLIDATED. The result of the last ICAAP – conducted with the base date December 2018 – indicated that ITAÚ UNIBANCO HOLDING CONSOLIDATED has, in addition to capital to face all material risks, a significant capital surplus, thus assuring the institution’s equity soundness. In order to ensure the soundness of ITAÚ UNIBANCO HOLDING CONSOLIDATED and the availability of capital to support business growth, the institution maintains PR levels above the minimum level required to face risks, as evidenced by the Common Equity, Tier I Capital and Basel ratios. The Basel Ratio reached 16.3% at June 30, 2019, with a reduction of 0.9 p.p. as compared to June 30, 2018 mainly due to the payment of additional dividends related to the 2018 result. Additionally, ITAÚ UNIBANCO HOLDING CONSOLIDATED has a surplus in relation to the minimum Referential Equity required in the amount of R$ 70,507,021, higher than the ACP of R$ 29,645,034, widely covered by the available capital. 06/30/2019 06/30/2018 Amount Ratio Amount Ratio Required Current Required Current Required Current Required Current Common Equity Tier I 38,115,044 115,498,449 4.5% 13.6% 35,132,766 110,457,339 4.5% 14.1% Additional Tier I Capital - 10,874,641 - 7,745,826 Tier I (Common Equity Tier I + Additional Tier I Capital) 50,820,058 126,373,090 6.0% 14.9% 46,843,688 118,203,165 6.0% 15.1% Tier II - 11,894,008 - 15,869,184 Referential Equity (Tier I + Tier II) 67,760,077 138,267,098 8.0% 16.3% 67,337,802 134,072,349 8.625% 17.2% Amount Required for Additional Capital Buffers (ACP) 29,645,034 3.5% 18,542,293 2.375% The fixed assets ratio shows the commitment percentage of adjusted Referential Equity with adjusted permanent assets. ITAÚ UNIBANCO HOLDING CONSOLIDATED falls within the maximum limit of 50% of adjusted Referential Equity set forth by BACEN. At 06/30/2019, fixed assets ratio reached 27.7%, showing a surplus of R$ 30,835,459. Further details on Risk and Capital Management of ITAÚ UNIBANCO HOLDING CONSOLIDATED and indicators of the Global Systemic Importance Index, which are not included in the financial statements, may be viewed on www.itau.com.br/relacoes-com-investidores “Reports”/ Pillar 3 and Global Systemically Important Banks. V - Recovery Plan In response to the latest international crises, the Central Bank published Resolution No. 4,502, which requires the development of a Recovery Plan by financial institutions within Segment 1, with total exposure to GDP of more than 10%. This plan aims to reestablish adequate levels of capital and liquidity above regulatory operating limits in the face of severe systemic or idiosyncratic stress shocks. In this way, each institution could preserve its financial viability while also minimizing the impact on the National Financial System. More details on the Recovery Plan can be viewed at www.itau.com.br/relacoes-com-investidores, section “Reports / Pillar 3 and Global Systemically Important Banks / Risk and Capital Management – Pillar 3”. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 149 IV – Capital adequacy The Board of Directors is the body responsible for approving the capital management institutional policy and guidelines for the capitalization level of ITAÚ UNIBANCO HOLDING CONSOLIDATED. The Board is also responsible for the full approval of the ICAAP (Internal Capital Adequacy Assessment Process) report, which purpose is to assess the capital adequacy of ITAÚ UNIBANCO HOLDING CONSOLIDATED. The result of the last ICAAP – conducted with the base date December 2018 – indicated that ITAÚ UNIBANCO HOLDING CONSOLIDATED has, in addition to capital to face all material risks, a significant capital surplus, thus assuring the institution’s equity soundness. In order to ensure the soundness of ITAÚ UNIBANCO HOLDING CONSOLIDATED and the availability of capital to support business growth, the institution maintains PR levels above the minimum level required to face risks, as evidenced by the Common Equity, Tier I Capital and Basel ratios. The Basel Ratio reached 16.3% at June 30, 2019, with a reduction of 0.9 p.p. as compared to June 30, 2018 mainly due to the payment of additional dividends related to the 2018 result. Additionally, ITAÚ UNIBANCO HOLDING CONSOLIDATED has a surplus in relation to the minimum Referential Equity required in the amount of R$ 70,507,021, higher than the ACP of R$ 29,645,034, widely covered by the available capital. 06/30/2019 06/30/2018 Amount Ratio Amount Ratio Required Current Required Current Required Current Required Current Common Equity Tier I 38,115,044 115,498,449 4.5% 13.6% 35,132,766 110,457,339 4.5% 14.1% Additional Tier I Capital - 10,874,641 - 7,745,826 Tier I (Common Equity Tier I + Additional Tier I Capital) 50,820,058 126,373,090 6.0% 14.9% 46,843,688 118,203,165 6.0% 15.1% Tier II - 11,894,008 - 15,869,184 Referential Equity (Tier I + Tier II) 67,760,077 138,267,098 8.0% 16.3% 67,337,802 134,072,349 8.625% 17.2% Amount Required for Additional Capital Buffers (ACP) 29,645,034 3.5% 18,542,293 2.375% The fixed assets ratio shows the commitment percentage of adjusted Referential Equity with adjusted permanent assets. ITAÚ UNIBANCO HOLDING CONSOLIDATED falls within the maximum limit of 50% of adjusted Referential Equity set forth by BACEN. At 06/30/2019, fixed assets ratio reached 27.7%, showing a surplus of R$ 30,835,459. Further details on Risk and Capital Management of ITAÚ UNIBANCO HOLDING CONSOLIDATED and indicators of the Global Systemic Importance Index, which are not included in the financial statements, may be viewed on www.itau.com.br/relacoes-com-investidores “Reports”/ Pillar 3 and Global Systemically Important Banks. V - Recovery Plan In response to the latest international crises, the Central Bank published Resolution No. 4,502, which requires the development of a Recovery Plan by financial institutions within Segment 1, with total exposure to GDP of more than 10%. This plan aims to reestablish adequate levels of capital and liquidity above regulatory operating limits in the face of severe systemic or idiosyncratic stress shocks. In this way, each institution could preserve its financial viability while also minimizing the impact on the National Financial System. More details on the Recovery Plan can be viewed at www.itau.com.br/relacoes-com-investidores, section “Reports / Pillar 3 and Global Systemically Important Banks / Risk and Capital Management – Pillar 3”. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 149

Note 19 – Supplementary information a) Insurance policy - ITAÚ UNIBANCO HOLDING CONSOLIDATED despite the low risk exposure due to the physical non-concentration of their assets, it has a policy of guaranteeing their valuables and assets at amounts considered sufficient to cover possible claims. b) Foreign currency – The balances in Reais linked to the foreign currencies were as follows: 06/30/2019 06/30/2018 Permanent foreign investments 73,936,591 61,279,040 Net amount of other assets and liabilities indexed to foreign currency, (124,037,474) (104,885,601) including derivatives Net foreign exchange position (50,100,883) (43,606,561) The net foreign exchange position, considering the tax effects on the net balance of other assets and liabilities indexed to foreign currencies, reflects the low exposure to exchange variations. c) Agreements for offsetting and settlement of liabilities within the scope of the National Financial System Offset agreements were entered into within the scope of derivative contracts, as well as agreements for the offsetting and settlement of receivables and payables pursuant to CMN Resolution nº. 3,263, of February 24, 2005, the purpose of which is to enable the offsetting of credits and debits maintained with the same counterparty, and where the maturity dates of receivables and payables can be advanced to the date an event of default by one of the parties occurs or in the case of bankruptcy of the debtor. d) Acquisition of minority interest in Edenred Participações S.A. On September 4, 2018, ITAÚ UNIBANCO HOLDING, through its controlled company ITAÚ UNIBANCO, entered into, with Edenred Participações S.A. (EDENRED) a strategic partnership in the benefit market to workers governed mainly by PAT – Worker’s Meal Program. EDENRED is controlling by Ticket Serviços S.A. (TICKET) in Brazil. The strategic partnership will enable ITAÚ UNIBANCO to add the benefits issued by TICKET to its current offer of products and services focused on clients of wholesale, medium, micro and small companies segments. In addition, ITAÚ UNIBANCO will make a minority investment of 11% in TICKET, through a capital increase with contribution of (i) cash, equivalent to said interest in the company's equity value, and (ii) right to exclusive distribution of Ticket Restaurante, Ticket Alimentação, Ticket Cultura and Ticket Transporte products to the ITAÚ UNIBANCO legal entities base during the partnership term. TICKET will continue distributing its products through other commercial agreements and will continue under EDENRED’s control and management. Regulatory approvals were granted on February 18, 2019 by the Central Bank of Brazil (BACEN) and on June 26, 2019 by the Brazilian Antitrust Authority (CADE). Financial settlement will be made on a date after the Financial Statements approval. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 150 Note 19 – Supplementary information a) Insurance policy - ITAÚ UNIBANCO HOLDING CONSOLIDATED despite the low risk exposure due to the physical non-concentration of their assets, it has a policy of guaranteeing their valuables and assets at amounts considered sufficient to cover possible claims. b) Foreign currency – The balances in Reais linked to the foreign currencies were as follows: 06/30/2019 06/30/2018 Permanent foreign investments 73,936,591 61,279,040 Net amount of other assets and liabilities indexed to foreign currency, (124,037,474) (104,885,601) including derivatives Net foreign exchange position (50,100,883) (43,606,561) The net foreign exchange position, considering the tax effects on the net balance of other assets and liabilities indexed to foreign currencies, reflects the low exposure to exchange variations. c) Agreements for offsetting and settlement of liabilities within the scope of the National Financial System Offset agreements were entered into within the scope of derivative contracts, as well as agreements for the offsetting and settlement of receivables and payables pursuant to CMN Resolution nº. 3,263, of February 24, 2005, the purpose of which is to enable the offsetting of credits and debits maintained with the same counterparty, and where the maturity dates of receivables and payables can be advanced to the date an event of default by one of the parties occurs or in the case of bankruptcy of the debtor. d) Acquisition of minority interest in Edenred Participações S.A. On September 4, 2018, ITAÚ UNIBANCO HOLDING, through its controlled company ITAÚ UNIBANCO, entered into, with Edenred Participações S.A. (EDENRED) a strategic partnership in the benefit market to workers governed mainly by PAT – Worker’s Meal Program. EDENRED is controlling by Ticket Serviços S.A. (TICKET) in Brazil. The strategic partnership will enable ITAÚ UNIBANCO to add the benefits issued by TICKET to its current offer of products and services focused on clients of wholesale, medium, micro and small companies segments. In addition, ITAÚ UNIBANCO will make a minority investment of 11% in TICKET, through a capital increase with contribution of (i) cash, equivalent to said interest in the company's equity value, and (ii) right to exclusive distribution of Ticket Restaurante, Ticket Alimentação, Ticket Cultura and Ticket Transporte products to the ITAÚ UNIBANCO legal entities base during the partnership term. TICKET will continue distributing its products through other commercial agreements and will continue under EDENRED’s control and management. Regulatory approvals were granted on February 18, 2019 by the Central Bank of Brazil (BACEN) and on June 26, 2019 by the Brazilian Antitrust Authority (CADE). Financial settlement will be made on a date after the Financial Statements approval. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 150

ITAÚ UNIBANCO HOLDING S.A. CNPJ. 60.872.504/0001-23 A Listed Company NIRE. 35300010230 SUMMARY OF THE AUDIT COMMITTEE REPORT FIRST SEMESTER OF 2019. The Audit Committee (Committee) is a statutory body reporting directly to the Board of Directors (Board) and functions in accordance with the provisions set forth in its Charter (available at https://www.itau.com.br/investor- relations). It currently consists of six independent, effective members, one of whom is a member of the Board, all elected in accordance with the criteria stipulated in the regulations of the National Monetary Council (CMN) and the National Council for Private Insurance (CNSP). The Committee is the sole Committee for the institutions authorized to function by the Central Bank of Brazil (local acronym, BACEN) and for the companies supervised by the Superintendence for Private Insurance (SUSEP), which are part of the Itaú Unibanco Financial Conglomerate, which encompasses Itaú Unibanco and its direct and indirect subsidiaries (Conglomerate). The Committee has responsibility to oversee internal control and risk management processes, and the activities carried out by the internal audit and the independent auditors of the Conglomerate. The oversight performed by the Committee is based on information received from Management, on presentations submitted by the different business and support areas, on the results of the work undertaken by the independent auditors, internal audit and those responsible for risk and capital management, internal controls and compliance, as well as on its own analyses resulting from direct observation. Management is responsible for preparing the Conglomerate’s financial statements, and for establishing the procedures for ensuring the quality of the processes that give rise to the information used in preparing such statements and in generating financial reports. Management is also responsible for risk control and monitoring, overseeing the corporate internal control activities and for ensuring compliance with legal and regulatory requirements. The mission of Internal Audit is to ascertain the quality and compliance of the internal control, risk and capital management systems, and compliance with defined policies and procedures, including those employed in preparing the accounting and financial reports. PricewaterhouseCoopers Auditores Independentes (PwC) is responsible for independently auditing the individual and consolidated financial statements, reporting whether these statements fairly represent, in all material aspects, the Conglomerate’s individual and consolidated financial position, and the individual and consolidated performance of its operations, in accordance with Brazilian accounting practices and with international accounting standards issued by the International Accounting Standards Board (IASB). It is also responsible for auditing the financial statements of the Prudential Conglomerate. The auditors must also issue an annual opinion as to the quality and efficacy of the internal controls over financial reporting. Activities of the Committee In fulfilling its duties, the Committee engaged in the following activities, among others, during the period: Structure of Risk and Capital Management, Business Continuity, Internal Controls and Compliance – Meetings were held with the areas responsible at which the Committee was informed about aspects involving the quality and effectiveness of the Conglomerate’s current internal control and risk and capital management systems, about processes for Management to verify compliance with legal and regulatory provisions and internal regulations, as well as about the evolution of the risk appetite governance and risk culture. Independent Auditor – There is a regular communication channel with the independent auditor for discussing the scope, planning and results of their work, topics that require further attention, and significant accounting issues, allowing members to support their opinion about the integrity of the financial statements.Matters regarding the independent auditor’s assessment of the quality and adequacy of the internal controls systems were presented and discussed with the Committee. The Committee carried out the annual appraisal of the Independent Auditor of the Conglomerate and accompanied the process involving the replacement of the partner in charge of the audit services, in compliance with the audit rotation system required by regulators. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 159 ITAÚ UNIBANCO HOLDING S.A. CNPJ. 60.872.504/0001-23 A Listed Company NIRE. 35300010230 SUMMARY OF THE AUDIT COMMITTEE REPORT FIRST SEMESTER OF 2019. The Audit Committee (Committee) is a statutory body reporting directly to the Board of Directors (Board) and functions in accordance with the provisions set forth in its Charter (available at https://www.itau.com.br/investor- relations). It currently consists of six independent, effective members, one of whom is a member of the Board, all elected in accordance with the criteria stipulated in the regulations of the National Monetary Council (CMN) and the National Council for Private Insurance (CNSP). The Committee is the sole Committee for the institutions authorized to function by the Central Bank of Brazil (local acronym, BACEN) and for the companies supervised by the Superintendence for Private Insurance (SUSEP), which are part of the Itaú Unibanco Financial Conglomerate, which encompasses Itaú Unibanco and its direct and indirect subsidiaries (Conglomerate). The Committee has responsibility to oversee internal control and risk management processes, and the activities carried out by the internal audit and the independent auditors of the Conglomerate. The oversight performed by the Committee is based on information received from Management, on presentations submitted by the different business and support areas, on the results of the work undertaken by the independent auditors, internal audit and those responsible for risk and capital management, internal controls and compliance, as well as on its own analyses resulting from direct observation. Management is responsible for preparing the Conglomerate’s financial statements, and for establishing the procedures for ensuring the quality of the processes that give rise to the information used in preparing such statements and in generating financial reports. Management is also responsible for risk control and monitoring, overseeing the corporate internal control activities and for ensuring compliance with legal and regulatory requirements. The mission of Internal Audit is to ascertain the quality and compliance of the internal control, risk and capital management systems, and compliance with defined policies and procedures, including those employed in preparing the accounting and financial reports. PricewaterhouseCoopers Auditores Independentes (PwC) is responsible for independently auditing the individual and consolidated financial statements, reporting whether these statements fairly represent, in all material aspects, the Conglomerate’s individual and consolidated financial position, and the individual and consolidated performance of its operations, in accordance with Brazilian accounting practices and with international accounting standards issued by the International Accounting Standards Board (IASB). It is also responsible for auditing the financial statements of the Prudential Conglomerate. The auditors must also issue an annual opinion as to the quality and efficacy of the internal controls over financial reporting. Activities of the Committee In fulfilling its duties, the Committee engaged in the following activities, among others, during the period: Structure of Risk and Capital Management, Business Continuity, Internal Controls and Compliance – Meetings were held with the areas responsible at which the Committee was informed about aspects involving the quality and effectiveness of the Conglomerate’s current internal control and risk and capital management systems, about processes for Management to verify compliance with legal and regulatory provisions and internal regulations, as well as about the evolution of the risk appetite governance and risk culture. Independent Auditor – There is a regular communication channel with the independent auditor for discussing the scope, planning and results of their work, topics that require further attention, and significant accounting issues, allowing members to support their opinion about the integrity of the financial statements.Matters regarding the independent auditor’s assessment of the quality and adequacy of the internal controls systems were presented and discussed with the Committee. The Committee carried out the annual appraisal of the Independent Auditor of the Conglomerate and accompanied the process involving the replacement of the partner in charge of the audit services, in compliance with the audit rotation system required by regulators. Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 159

Internal Audit – There were monthly meetings with the departments that comprise the Conglomerate’s Internal Audit to monitor planning, the results of the work undertaken, the reports issued, conclusions and recommendations. Financial Statements – The significant criteria adopted in preparing the financial statements, as well as the notes thereto, the Management report and the report of the independent auditor were submitted by Management and the independent auditor to the Committee. Meetings were held with the officers responsible for monitoring the control environment of the accounting processing, and with the Finance area about significant accounting issues. The Committee also monitored the preparation and the disclosure of the consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS), including the assessment undertaken by the Finance Department of the control environment and the progress of the process to implement IFRS 9 – Financial Instruments; in addition, meetings were held with the independent auditor and Financial Control Department at which the financial statements of the Prudential Conglomerate were presented. Consumer Issues – Meetings were held with the officers of business and support areas to monitor the control environment and the progress of issues affecting customers. The Committee analyzed the Ombudsman’s report on its performance for the period ended December 31, 2018. Regulators – The Committee was informed about the outcome of inspections and observations of the different regulators and about Management’s response. It also received information from Internal Audit and the Compliance area about the follow-up on the points raised by regulators in Brazil and in foreign units. Meetings with representatives of the Banking Supervision Department and the Conduct Supervision Department of the Central Bank of Brazil were held. Anti-Money Laundering and Fraud Prevention – Meetings were held with the areas responsible for those matters in order to present the relevant indicators about the risks and how the most relevant events were treated. Business and Products Departments – Meetings were held with the executives responsible for the business and products departments for presentation of the governance and risk management structure. Information Security – The Committee monitored data protection topics, including the process to acquire, capture and use data and the work carried out by the Internal Audit regarding information security and cybersecurity related topics. Foreign Units – The Committee monitored the activities carried out by the Audit Committees of those units, including: having meetings with Internal Audit about how the performance of those committees complies with the policies of the Holding; the nomination process of new members to the Audit Committees of the foreign units and the self-appraisals carried out by themselves. Other activities undertaken in the period – The Committee coordinates its activities with those of the Risk and Capital Management Committee, including the attendance of its Chairman as an observer at the meetings held by this committee. The Committee submitted monthly reports of its activities to the Board and held quarterly meetings with the Co- Chairmen of the Board and the CEO of Itaú Unibanco Holding S.A. to discuss key issues arising from the performance of their duties. The Committee also met with the Fiscal Council. As responsible for approving and monitoring the Corporate Integrity and Ethics Policy, the Committee held meetings with the Corporate Compliance Department to revise the topics that comprise the Annual Integrity and Ethics Program Report, 2018 base date, and discussed the actions adopted to carry out this policy. To undertake the activities and perform the procedures described above, the Committee convened on 28 days between February 14 and July 25, 2019, totaling 129 meetings duly documented in minutes. While carrying out its activities, the Committee was not notified of any incidents of fraud or non-compliance with legal and regulatory standards that could jeopardize the continuity of the Conglomerate. Conclusions Having duly considered its responsibilities and the natural limitations arising from the scope of its duties, and based on the activities undertaken in the period, the Committee concludes that: • The internal control systems, compliance policy and the risk and capital management structures are appropriate for the size and complexity of the Conglomerate and the approved risk appetite; Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 160 Internal Audit – There were monthly meetings with the departments that comprise the Conglomerate’s Internal Audit to monitor planning, the results of the work undertaken, the reports issued, conclusions and recommendations. Financial Statements – The significant criteria adopted in preparing the financial statements, as well as the notes thereto, the Management report and the report of the independent auditor were submitted by Management and the independent auditor to the Committee. Meetings were held with the officers responsible for monitoring the control environment of the accounting processing, and with the Finance area about significant accounting issues. The Committee also monitored the preparation and the disclosure of the consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS), including the assessment undertaken by the Finance Department of the control environment and the progress of the process to implement IFRS 9 – Financial Instruments; in addition, meetings were held with the independent auditor and Financial Control Department at which the financial statements of the Prudential Conglomerate were presented. Consumer Issues – Meetings were held with the officers of business and support areas to monitor the control environment and the progress of issues affecting customers. The Committee analyzed the Ombudsman’s report on its performance for the period ended December 31, 2018. Regulators – The Committee was informed about the outcome of inspections and observations of the different regulators and about Management’s response. It also received information from Internal Audit and the Compliance area about the follow-up on the points raised by regulators in Brazil and in foreign units. Meetings with representatives of the Banking Supervision Department and the Conduct Supervision Department of the Central Bank of Brazil were held. Anti-Money Laundering and Fraud Prevention – Meetings were held with the areas responsible for those matters in order to present the relevant indicators about the risks and how the most relevant events were treated. Business and Products Departments – Meetings were held with the executives responsible for the business and products departments for presentation of the governance and risk management structure. Information Security – The Committee monitored data protection topics, including the process to acquire, capture and use data and the work carried out by the Internal Audit regarding information security and cybersecurity related topics. Foreign Units – The Committee monitored the activities carried out by the Audit Committees of those units, including: having meetings with Internal Audit about how the performance of those committees complies with the policies of the Holding; the nomination process of new members to the Audit Committees of the foreign units and the self-appraisals carried out by themselves. Other activities undertaken in the period – The Committee coordinates its activities with those of the Risk and Capital Management Committee, including the attendance of its Chairman as an observer at the meetings held by this committee. The Committee submitted monthly reports of its activities to the Board and held quarterly meetings with the Co- Chairmen of the Board and the CEO of Itaú Unibanco Holding S.A. to discuss key issues arising from the performance of their duties. The Committee also met with the Fiscal Council. As responsible for approving and monitoring the Corporate Integrity and Ethics Policy, the Committee held meetings with the Corporate Compliance Department to revise the topics that comprise the Annual Integrity and Ethics Program Report, 2018 base date, and discussed the actions adopted to carry out this policy. To undertake the activities and perform the procedures described above, the Committee convened on 28 days between February 14 and July 25, 2019, totaling 129 meetings duly documented in minutes. While carrying out its activities, the Committee was not notified of any incidents of fraud or non-compliance with legal and regulatory standards that could jeopardize the continuity of the Conglomerate. Conclusions Having duly considered its responsibilities and the natural limitations arising from the scope of its duties, and based on the activities undertaken in the period, the Committee concludes that: • The internal control systems, compliance policy and the risk and capital management structures are appropriate for the size and complexity of the Conglomerate and the approved risk appetite; Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 160

• The coverage and quality of the Internal Audit work are satisfactory, and it operates with reasonable independence; • The significant accounting practices adopted by the Conglomerate are in line with those adopted in Brazil, including those required by the Central Bank of Brazil, and with the international accounting standards issued by the International Accounting Standards Board (IASB); and • The volume and quality of the information provided by PricewaterhouseCoopers Auditores Independentes (PwC), on which the Committee bases its recommendations on the financial statements, are satisfactory, no situation having been identified that could impair the objectivity and the independence of the Independent Auditor. Based on the work and the assessments undertaken, and taking into account the context and limitation of its duties, the Committee recommends that the Board of Directors approve the consolidated financial statements of Itaú Unibanco Holding S.A. for the six-month period ended June 30, 2019. São Paulo, July 29, 2019. Audit Committee Gustavo Jorge Laboissière Loyola – Chairman Antonio Carlos Barbosa de Oliveira Antonio Francisco de Lima Neto Diego Fresco Gutierrez Maria Helena dos Santos Fernandes de Santana Rogério Paulo Calderón Peres Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 161 • The coverage and quality of the Internal Audit work are satisfactory, and it operates with reasonable independence; • The significant accounting practices adopted by the Conglomerate are in line with those adopted in Brazil, including those required by the Central Bank of Brazil, and with the international accounting standards issued by the International Accounting Standards Board (IASB); and • The volume and quality of the information provided by PricewaterhouseCoopers Auditores Independentes (PwC), on which the Committee bases its recommendations on the financial statements, are satisfactory, no situation having been identified that could impair the objectivity and the independence of the Independent Auditor. Based on the work and the assessments undertaken, and taking into account the context and limitation of its duties, the Committee recommends that the Board of Directors approve the consolidated financial statements of Itaú Unibanco Holding S.A. for the six-month period ended June 30, 2019. São Paulo, July 29, 2019. Audit Committee Gustavo Jorge Laboissière Loyola – Chairman Antonio Carlos Barbosa de Oliveira Antonio Francisco de Lima Neto Diego Fresco Gutierrez Maria Helena dos Santos Fernandes de Santana Rogério Paulo Calderón Peres Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 161

ITAÚ UNIBANCO HOLDING S.A. CNPJ. 60.872.504/0001-23 Listed Company NIRE. 35300010230 OPINION OF THE FISCAL COUNCIL The effective members of the Fiscal Council of ITAÚ UNIBANCO HOLDING S.A., after having examined the financial statements for the period from January to June 2019 and verified the accuracy of all items examined, and in view of the unqualified opinion of PricewaterhouseCoopers Auditores Independentes, understand that these documents adequately reflect the company’s capital structure, financial position and the activities conducted during the period, and they have the conditions to be submitted to the appreciation and approval of the Stockholders. São Paulo (SP), July 29, 2019. JOSÉ CARUSO CRUZ HENRIQUES President ALKIMAR RIBEIRO MOURA EDUARDO AZEVEDO DO VALLE Member Member Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 162 ITAÚ UNIBANCO HOLDING S.A. CNPJ. 60.872.504/0001-23 Listed Company NIRE. 35300010230 OPINION OF THE FISCAL COUNCIL The effective members of the Fiscal Council of ITAÚ UNIBANCO HOLDING S.A., after having examined the financial statements for the period from January to June 2019 and verified the accuracy of all items examined, and in view of the unqualified opinion of PricewaterhouseCoopers Auditores Independentes, understand that these documents adequately reflect the company’s capital structure, financial position and the activities conducted during the period, and they have the conditions to be submitted to the appreciation and approval of the Stockholders. São Paulo (SP), July 29, 2019. JOSÉ CARUSO CRUZ HENRIQUES President ALKIMAR RIBEIRO MOURA EDUARDO AZEVEDO DO VALLE Member Member Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 162

ITAÚ UNIBANCO HOLDING S.A. CNPJ 60.872.504/0001-23 A Publicly Listed Company NIRE 35300010230 DECLARATION The Officers responsible for the preparation of the financial statements, in compliance with the provisions in Article 29, paragraph 1, item II, and Article 25, paragraph 1, items V and VI, of Instruction No. 480/2009 of the Brazilian Securities and Exchange Commission (CVM), declare that they: a) read, discussed e agree with the opinions expressed in the independent auditor’s report on the Company’s financial statements for the period from January to June 2019; b) read, discussed and agree with the Company’s financial statements for the period from January to June 2019 and with the Management Discussion and Analysis (MD&A) Report. São Paulo (SP), July 29, 2019. MILTON MALUHY FILHO ALEXSANDRO BROEDEL LOPES Vice President Executive Director Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 163 ITAÚ UNIBANCO HOLDING S.A. CNPJ 60.872.504/0001-23 A Publicly Listed Company NIRE 35300010230 DECLARATION The Officers responsible for the preparation of the financial statements, in compliance with the provisions in Article 29, paragraph 1, item II, and Article 25, paragraph 1, items V and VI, of Instruction No. 480/2009 of the Brazilian Securities and Exchange Commission (CVM), declare that they: a) read, discussed e agree with the opinions expressed in the independent auditor’s report on the Company’s financial statements for the period from January to June 2019; b) read, discussed and agree with the Company’s financial statements for the period from January to June 2019 and with the Management Discussion and Analysis (MD&A) Report. São Paulo (SP), July 29, 2019. MILTON MALUHY FILHO ALEXSANDRO BROEDEL LOPES Vice President Executive Director Itaú Unibanco Holding S.A. – Complete Financial Statements – June 30, 2019 163