JSL’s ADR level I Program

ADR Level I (American Depositary Receipt)

JSL S.A. began trading Level I ADR (American Depositary Receipt) on April 3, 2013. The ADR level I program does not imply in capital raising or in the issuance of new shares and it aims to increase the access of foreign investors to the Company, as well as to increase liquidity.

Characteristics of the ADR program:

Depositary Bank Deutsche Bank Trust Company Americas
Custodian Bank Banco Bradesco S.A.
Tipe of security Common shares, without par value
Ratio 1 ADR corresponds to 2 common shares.
Market OTC
Ticker (BR) JSLG3
Ticker (EUA) JSLGY
CUSIP 46639D103
ISIN (EUA) US46639D1037


What is an American Depositary Receipt (ADR)?

ADRs are a negotiable US dollar denominated certificate representing ownership of shares in a non-US company. ADRs are traded in US Dollars and the dividends are paid in the same currency. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by US investors.

What are the benefits of ADRs to US investors?

US investors may prefer to purchase ADRs rather than ordinary shares in the issuer‘s home market because ADRs´ trading, issuance and cancellation settlements are made according to US market conventions. One of the ADRs top advantages is the facilitated diversification into foreign securities. ADRs also allow easy comparison to securities of similar companies as well as access to price and trading information, if listed. ADR holders also appreciate prompt dividend payments and receiving corporate actions notification.

Who is JSL‘s depositary for ADRs?

The depositary bank in the US will be Deutsche Bank Trust Company Americas, and will be responsible for the issuance of the depositary receipts.

How are ADRs related to JSL ordinary shares?

1 ADR corresponds to 2 common shares.

Where are JSL‘s ADRs traded?

JSL‘s ADRs are being traded in the OTC (over the counter) market.

What is JSL‘s ADR ticker symbol, CUSIP code and ISIN code?

Ticker (BR): JSLG3

Ticker (EUA): JSLGY

CUSIP: 46639D103


ISIN (EUA): US46639D1037

ADR Contact Information

Deutsche Bank Trust Company Americas

C/o American Stock Transfer & Trust Company

Peck Slip Station

P.O. Box 2050

New York, NY 10272-2050

Email: db@amstock.com

Shareholder Service (Toll-free) Tel.: +1 (866) 249-2593

Shareholder Service (International) Tel.: +1 (718) 921-8137