São Paulo, Brazil, May 11, 2026 (GLOBE NEWSWIRE) -- Movida Participações S.A. ("Movida"), a corporation (sociedade por ações) organized under the laws of Brazil, announced today that its subsidiary, Movida Europe S.A. (the "Issuer"), a public limited liability company (société anonyme) incorporated under the laws of Luxembourg, having its registered office at 25A, Boulevard Royal, L-2449, Luxembourg, Grand Duchy of Luxembourg, and registered with the Luxembourg Trade and Companies' Register under the number B 251005, has commenced a cash tender offer (the "Tender Offer") for any and all of its outstanding 7.850% Senior Unsecured Guaranteed Notes due 2029 (the "Notes"). The Notes are fully, unconditionally and irrevocably guaranteed by Movida and Movida Locação de Veículos S.A. (the "Guarantors"). The Notes are listed on the Official List and admitted to trading on the Global Exchange Market of the Irish Stock Exchange plc, trading as Euronext Dublin.

The following table sets forth the material pricing terms of the Tender Offer:

Title of Security

CUSIP / ISIN

Principal Amount Outstanding

Purchase Price(1)

7.850% Senior Unsecured Guaranteed Notes due 2029

144A: 62459L AC3 / US62459LAC37Regulation S: L65266 AC9 / USL65266AC91

US$331,277,000

US$1,010

__________________(1) The amount to be paid for each US$1,000 principal amount of Notes validly tendered and accepted for purchase. In addition, accrued interest up to, but excluding, the settlement date ("Accrued Interest") will be paid.

The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on May 15, 2026, unless extended or earlier terminated as described in this press release (such time, as may be extended, the "Expiration Time"). Holders of Notes who validly tender (and do not validly withdraw) their Notes or deliver a properly completed and duly executed notice of guaranteed delivery (the "Notice of Guaranteed Delivery") at or prior to the Expiration Time will be eligible to receive the purchase price set forth in the table above for each US$1,000 principal amount of Notes validly tendered and accepted for purchase, plus Accrued Interest. Validly tendered Notes may be validly withdrawn at any time at or prior to the Expiration Time, unless extended or earlier terminated as described below, but not thereafter.

The Issuer's obligation to purchase for Notes validly tendered pursuant ...