Marisa Lojas S A : Dados Econômico-Financeiros

Interim Financial Information

Marisa Lojas S.A. and Subsidiaries

March 31, 2021

With Independent Auditor's Report on Review of Interim Financial Information

Marisa Lojas S.A. and Subsidiaries

Interim financial information

March 31, 2021

Contents

Independent auditor's report on review of quarterly information	...........................................................1
Interim financial information
Statements of financial position............................................................................................................	3
Statements of profit or loss ..................................................................................................................	5
Statements of comprehensive income (loss)........................................................................................	6
Statements of changes in equity - individual and consolidated.............................................................	7
Statements of cash flows .....................................................................................................................	8
Statements of value added ..................................................................................................................	9
Notes to interim financial information .................................................................................................	10

São Paulo Corporate Towers

Av. Presidente Juscelino Kubitschek, 1.909

Vila Nova Conceição

04543-011 - São Paulo - SP - Brasil

Tel: [phone] ey.com.br

A free translation from Portuguese into English of Independent Auditor's Review Report on Individual and Consolidated Interim Financial Information prepared in Brazilian currency in accordance with the rules issued by Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of Quarterly Information Form (ITR)

Independent auditor's report on review of interim financial statements

The Shareholders and Officers

Marisa Lojas S.A.

São Paulo - SP - Brazil

Introduction

We have reviewed the accompanying individual and consolidated interim financial information of Marisa Lojas S.A ("Company"), contained in the Quarterly Information Form (ITR) for the quarter ended March 31, 2021, comprising the statement of financial position as of March 31, 2021 and the related statements of profit or loss, of comprehensive income, of changes in equity and of cash flows for the three-month period then ended, including the explanatory notes.

Management is responsible for preparation of the individual and consolidated interim financial information in accordance with Accounting Pronouncement NBC TG 21 - Interim Financial Reporting, and IAS 34 - Interim Financial Reporting, issued by the Federal Accounting Counsel ( "CFC") and International Accounting Standards Board (IASB), respectively, as well as for the fair presentation of this information in conformity with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of the Quarterly Information Form (ITR). Our responsibility is to express a conclusion on this individual and consolidated interim financial information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and International Standards on Review Engagements (NBC TR 2410 and ISRE 2410 - Review of Interim Financial Information performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with auditing standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on the individual and consolidated interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual and consolidated interim financial information included in the Quarterly Information Form referred to above was not prepared, in all material respects, in accordance with NBC TG 21 and IAS 34 applicable to the preparation of Quarterly Information Form (ITR), and presented consistently with the rules issued by the Brazilian Securities and Exchange Commission (CVM).

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Uma empresa-membro da Ernst & Young Global Limited

Other matters

Statements of value added

The abovementioned quarterly information includes the individual and consolidated statement of value added (SVA) for the three-month period ended March 31, 2021, prepared under Company's Management responsibility and presented as supplementary information by IAS 34. These statements have been subject to review procedures performed together with the review of the quarterly information with the objective to conclude whether they are reconciled to the interim financial information and the accounting records, as applicable, and if its format and content are in accordance with the criteria set forth by NBC TG 09 - Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that they were not prepared, in all material respects, consistently with the overall individual and consolidated interim financial information.

São Paulo, May 10, 2021.

ERNST & YOUNG

Auditores Independentes S.S.

CRC-2SP034519/O-6

Patricia Nakano Ferreira

Accountant CRC-1SP234620/O-4

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A free translation from Portuguese into English of Quarterly Information (ITR) prepared in Brazilian currency in accordance with the accounting practices adopted in Brazil, and in accordance with NBC TG 21 and IAS 34, issued by International Accounting Standards Board (IASB)

Marisa Lojas S.A. and Subsidiaries

Statements of financial position

March 31, 2021 and December 31, 2020 (In thousands of reais - R$)

		Individual	Consolidated
	Note	03/31/2021	12/31/2020	03/31/2021	12/31/2020
Assets
Current assets
Cash and cash equivalents	6.2	19,297	271,099	274,338	526,932
Marketable securities	6.4	63,301	388	63,301	388
Financial instruments	31.1.3	3,410	-	3,410	-
Trade accounts receivable	7.2	204,436	354,162	562,297	705,175
Inventories	8.2	463,687	274,877	463,687	274,877
Transactions with related parties	11.2	23,097	23,257	-	-
Taxes recoverable	9.2	160,942	136,832	211,392	180,988
Other current assets		30,850	19,421	75,818	98,915
Total current assets		969,020	1,080,036	1,654,243	1,787,275
Noncurrent assets
Marketable securities	6.4	88,504	32,267	95,524	34,271
Taxes recoverable	9.2	525,309	501,739	581,667	560,554
Other receivables		876	-	3,464	-
Deferred income and social contribution taxes	10.2	-	2,351	61,563	74,817
Judicial deposits	20.2	103,930	108,396	137,634	142,035
Total long-term receivables		718,619	644,753	879,852	811,677
Investments	12.2	392,122	354,248	-	-
Right-of-use assets	14.2	524,337	537,837	524,620	538,142
Property and equipment	13.2	117,168	131,412	118,880	133,326
Intangible assets	13.4	88,769	87,568	101,134	97,234
Total noncurrent assets		1,841,015	1,755,818	1,624,486	1,580,379

Total assets

2,810,035

2,835,854

3,278,729

3,367,654

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