The above listed analysts issue opinions and investment recommendations about the sahres issued by WEG S.A. Any opinions, estimates or forecasts regarding the performance of WEG S.A. or about the performance of the shares issued by WEG S.A. made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of WEG S.A. or of any person part of its management team. WEG S.A. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.