CCR S A : Minutes of the Board of Directors' Meeting Held on January 28, 2021, 09h30 am

CCR S.A.

Corporate Taxpayer's ID (CNPJ/ME): 02.846.056/0001-97

Company Registry (NIRE): 35300158334

PUBLICLY HELD COMPANY

MINUTES OF THE BOARD OF DIRECTORS' MEETING

HELD ON JANUARY 28, 2021

1. DATE, TIME AND PLACE: January 28, 2021, at 9:30 a.m., at the Company's head office, at Avenida Chedid Jafet, No. 222, Bloco B, 5º andar, in the city and state of São Paulo.

2. ATTENDANCE: All the members of the Company's Board of Directors were present through Zoom Meetings (simultaneous video conferencing), together with the other members of the Executive Board, pursuant to paragraph 4 of article 16 of the Company's Bylaws.

3. PRESIDING: Chairwoman: Ana Maria Marcondes Penido Sant'Anna; and Secretary: Pedro Paulo Archer Sutter.

4. AGENDA: To resolve on: (i) the re-ratification of the minutes of the Board of Directors Meeting held on August 08, 2020, at 09:00 a.m., in order to: (a) readjust the distribution percentages of shares subscribed by its direct subsidiary CIIS - Companhia de Investimentos em Infraestrutura e Serviços S.A. ("CIIS") in the capital increase of its indirect subsidiary Concessionária do VLT Carioca S.A. ("VLT Carioca") (no-remains scenario); and (b) postpone the due date for payment of the capital increases of its direct subsidiary CIIS and its indirect subsidiary VLT Carioca from 12/31/2020 to 12/31/2021; (ii) the replacement of the former NO CCR 025-0 - Risk Management Policy, which is no longer in effect, by the new Risk Management Policy ("POL 011"); (iii) the amendment to the Rules of Procedure of the Committee for the Study and Application of Disciplinary Measures ("CEAMD") of the Company; (iv) the ratification of the execution of the 3rd and 4th Amendments to the Services Agreement CCRACT-CPT 1372/2017, entered into with Ernst & Young Assessoria Empresarial Ltda. ("Ernst & Young"), on November 18, 2020 and January 7, 2021, by the following companies of the CCR Group, namely: the Company, through its subsidiary Actua ("CCR Actua"), its indirect subsidiaries Concessionária do Sistema Anhangüera-Bandeirantes S.A. ("AutoBAn"), Rodovias Integradas do Oeste S.A. ("SPVias"), Concessionária de Rodovias do Oeste de São Paulo - ViaOeste S.A. ("ViaOeste"), Concessionária do Rodoanel Oeste S.A. ("RodoAnel"), Companhia do Metrô da Bahia ("Metrô Bahia"), Concessionária da Linha 4 do Metrô de São Paulo S.A. ("ViaQuatro"), Concessionária das Linhas 5 e 17 do Metrô de São Paulo S.A. ("ViaMobilidade"), Concessionária das Rodovias Integradas do Sul S.A. ("ViaSul"), Concessionária de Rodovia Sul-Matogrossense S.A. ("MSVia") and SAMM - Sociedade de Atividades em Multimídia Ltda. ("SAMM"), its direct subsidiaries Rodonorte - Concessionária de Rodovias Integradas S.A ("RodoNorte"), Concessionária da Rodovia Presidente Dutra S.A. ("NovaDutra"), Concessionária da Rodovia dos Lagos S.A. ("Vialagos"), Concessionária Catarinense de Rodovias S.A. ("ViaCosteira") and Concessionária Viario S.A. ("Viario") and the subsidiaries of its direct subsidiary Companhia de Participações em Concessões ("CPC"), CCR Engelog ("CCR Engelog") and CCR Engelogtec ("CCR Engelogtec"); (v) the sponsorship, through Instituto CCR ("ICCR"), to Museu de Sant'Ana, via tax incentive law; (vi) the capital increase of its indirect subsidiary Toronto S.A. - Desenvolvimento e Participações ("Quicko"), in the

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CCR S.A.

Corporate Taxpayer's ID (CNPJ/ME): 02.846.056/0001-97

Company Registry (NIRE): 35300158334

PUBLICLY HELD COMPANY

amount of thirteen million, four hundred and forty-four thousand reais (R$13,444,000.00), to be subscribed and paid-up by its shareholders, CIIS and J2L Participações Ltda. ("J2L"), in the ratio of their equity interests until February 28, 2021; (vii) the hiring, by its indirect subsidiary ViaSul, of the following companies: (i) Soluções em Engenharia, Montagens e Construções Ltda. ("SEMCO"); (ii) Empresa Construtora Porto Berton Ltda. ("Porto Berton"); (iii) Escad Rental - Locadora de Equipamentos para Terraplenagem Ltda. ("Escad"); and (iv) Quimassa Pavimentação e Engenharia Ltda. ("Quimassa"), for the execution of the duplication services of Rodovia Governador Leonel de Moura Brisola, BR-386, from km 325+400 to 345+800, in the State of Rio Grande do Sul, for the estimated amount of two hundred and five million reais (R$205,000,000.00); (viii) the signing of an Amendment to Concession Agreement No. 002/ANAC/2014-SBCF ("Concession Agreement"), to be entered into between its indirect and jointly controlled subsidiary Concessionária do Aeroporto Internacional de Confins S.A. ("BH Airport") with the National Civil Aviation Agency ("ANAC"), in order to include a clause to Attachment 5 Marginal Cash Flow of the Concession Agreement; (ix) ratify the signing of amendments to Credit Facility Agreements Nos. 469.259-34 and 469. 258-20 entered into by its indirect subsidiary MSVia, its direct parent company CPC and the Company as intervening parties with Caixa Econômica Federal ("CEF") on October 6, 2020, which formalized the interruption of payments of interest and principal for 6 months (standstill), without modification of the final term of the amortization period and without modification of the interest rate; and (x) the Business Plan of its indirect subsidiary Quicko, related to the period from 2021 to 2023.

5. RESOLUTIONS: After analyzing and discussing the matters on the agenda, pursuant to article 17 and its respective items of the Company's Bylaws, the attending Board members, resolved to:

(i) RE-RATIFY, by unanimous vote of the members present, the minutes of the Board of Directors' Meeting held on August 8, 2020, at 09:00 a.m., registered with the Board of Trade of the State of São Paulo on 12/11/20 under No. 530.783/20-4, in order to: (a) readjust the distribution percentages of shares subscribed by its direct subsidiary CIIS in the capital increase of its indirect subsidiary VLT Carioca S.A. (no-remains scenario); and (b) postpone the payment date of the capital increases of its direct subsidiary CIIS and its indirect subsidiary VLT Carioca from 12/31/2020 to 12/31/2021, according to the terms and conditions presented in this meeting;

(ii) APPROVE, by unanimous vote of the members present, the replacement of the old NO CCR 025-0 - Risk Management Policy, which is no longer in effect, by the new POL 011, according to the draft, terms and conditions presented at this meeting;

(iii) APPROVE, by a unanimous vote of the Board members present, the amendment to the Company's CEAMD Regulations, under the draft, terms and conditions presented at this meeting;

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CCR S.A.

Corporate Taxpayer's ID (CNPJ/ME): 02.846.056/0001-97

Company Registry (NIRE): 35300158334

PUBLICLY HELD COMPANY

(iv) RATIFY, unanimously, the signature of the 3rd and 4th Amendment to the Service Provision Agreement CCRACT-CPT 1372/2017, entered into with Ernst & Young, on November 18, 2020 and January 07, 2021, by the following Grupo CCR companies: the Company, through its subsidiary CCR Actua, its indirect subsidiaries AutoBAn, SPVias, ViaOeste, RodoAnel, Metrô Bahia, ViaQuatro, ViaMobilidade, ViaSul, MSVia and SAMM; and its direct subsidiaries RodoNorte, NovaDutra, Vialagos, ViaCosteira and Viario and the subsidiaries of its direct subsidiary CPC, CCR Engelog and CCR Engelogtec, under the terms and conditions presented at this meeting;

(v) APPROVE, by majority vote of the members present, with the dissenting vote of Director Henrique Sutton de Sousa Neves and the abstentions of Directors Paulo Roberto Reckziegel Guedes, Renato Torres de Faria and Ricardo Coutinho de Sena, the execution of the sponsorship, through ICCR, of the Sant'Ana Museum, via tax incentive law, observing the provisions of CVM Instruction no. 480, of December 07, 2009, as amended ("CVM Instruction 480") and in POL 002 - Company's Related-Party Transactions Policy ("Related-Party Transactions Policy"), according to the terms and conditions presented in this meeting;

(vi) APPROVE, by unanimous vote of the members present, the capital stock increase of its indirect subsidiary Quicko, in the amount of thirteen million, four hundred and forty-four thousand reais (R$13,444,000.00), to be subscribed and paid in by its shareholders, CIIS and J2L, in the proportion of their equity interests until February 28, 2021, according to the terms and conditions presented in this meeting;

(vii) APPROVE, by unanimous vote of the members present, the contracting, by its indirect subsidiary ViaSul, of the following companies: (i) SEMCO; (ii) Porto Berton; (iii) Escad and (iv) Quimassa, for the execution of the duplication services of the Governador Leonel de Moura Brisola Highway, BR-386, from km 325+400 to 345+800, in the state of Rio Grande do Sul, for the estimated amount of two hundred and five million reais (R$205,000,000.00), according to the terms and conditions presented at this meeting;

(viii) APPROVE, by unanimous vote of the members present, the execution of the Amendment to the Concession Agreement, to be signed between its indirect and jointly controlled subsidiary BH Airport and ANAC, for the purpose of including a clause to Exhibit 5 Marginal Cash Flow of the Concession Agreement, according to the terms and conditions presented in this meeting;

(ix) RATIFY, by unanimous vote of the members present, the execution of amendments to Credit Facility Financing Agreements Nos. 469.259-34 and 469.258-20 entered into by its indirect subsidiary MSVia, its direct parent company CPC and the Company as intervening parties with CEF on October 6, 2020, which formalized the suspension of payments of interest and principal for 6 months (standstill), without changing the final term of the amortization period and without changing the interest rate, according to the terms and conditions presented at this meeting; and

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CCR S.A.

Corporate Taxpayer's ID (CNPJ/ME): 02.846.056/0001-97

Company Registry (NIRE): 35300158334

PUBLICLY HELD COMPANY

(x) APPROVE, by majority vote of the members present, with the dissenting vote of Board member Henrique Sutton de Sousa Neves and the abstentions of Board members Eliane Aleixo Lustosa de Andrade, Fernando Luiz Aguiar Filho and Luiz Carlos Cavalcanti Dutra Júnior, the Business Plan of its indirect subsidiary Quicko, for the period from 2021 to 2023, according to the terms and conditions presented in this meeting.

The members of the Company's Board of Directors authorize Management to take any and all acts necessary to implement the resolutions above, as well as adopt, before government bodies and private entities, the measures necessary to carry out the resolutions approved herein.

6. CLOSURE: There being no further business to address, the meeting was adjourned for the drawing up of these minutes, which were read, approved and signed by all attending members, and its certificate will be digitally signed, pursuant to paragraph 1 of article 10 of Provisional Presidential Decree 2,200-2/2001, and filed with the competent Registry of Commerce. São Paulo - SP, January 28, 2021. Signatures: Ana Maria Marcondes Penido Sant'Anna, Chairwoman; and Pedro Paulo Archer Sutter, Secretary. Board members: (1) Ana Maria Marcondes Penido Sant'Anna; (2) Eduardo Bunker Gentil; (3) Eliane Aleixo Lustosa de Andrade; (4) Fernando Luiz Aguiar Filho; (5) Flávio Mendes Aidar; (6) Henrique Sutton de Sousa Neves; (7) Leonardo Porciúncula Gomes Pereira; (8) Luis Claudio Rapparini Soares; (9) Luiz Alberto Colonna Rosman; (10) Luiz Carlos Cavalcanti Dutra Júnior; (11) Paulo Roberto Reckziegel Guedes; (12) Renato Torres de Faria; and (13) Ricardo Coutinho de Sena.

This is a free English translation of the original minutes drawn up in the Company's records.

__________________________________	_____________________________
Ana Maria Marcondes Penido Sant'Anna	Pedro Paulo Archer Sutter
Chairwoman	Secretary
Signed via Digital Certificate (ICP-Brasil)	Signed via Digital Certificate (ICP-Brasil)

PD CCR 1002/2020; 1018/2020; 1049/2020; 1050/2020; 1061/2020; 001/2021; 010/2021; 018/2021; 030/2021, 1009/2020.

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