Material Fact – Company’s Share Repurchase Program


JSL S.A. (“Company”), a publicly-held company, hereby informs its shareholders and the market in general, pursuant to the Brazilian Securities and Exchange Commission – CVM (“CVM”) Instruction 358 of January 3, 2002 and Article 157, paragraph 4, of Law 6404, of December 15, 1976, that the Company‘s Board of Directors approved the Company‘s Share Repurchase Program, which will have the following characteristics and conditions:

(i) Purpose: to repurchase the Company‘s shares, in order to maximize value to the shareholder without reducing capital stock, to be held in treasury, canceled, sold and/or used for possible exercise of options within the scope of share-based payment.

(ii) Number of shares to be repurchased and number of outstanding shares: acquisition by the Company of up to four million, one hundred seventy-two thousand and seven hundred ninety-three (4,172,793) common shares, corresponding to six point sixty-nine per cent (6.69%) of total outstanding common shares, equivalent to sixty-two million, four hundred eleven thousand and nine hundred thirty-eight (62,411,938) common shares, as provided for in Article 5 of CVM Instruction 10/80, also observing the minimum percentage of outstanding shares of twenty-five per cent (25%), as set forth by the Novo Mercado Listing Rules.

(iii) Term of the program: the program approved herein may be carried out at the Company‘s discretion, through its board of executive officers, in compliance with Article 12 of CVM Instruction 10/80, within three hundred sixty-five (365) days as of this date;

(iv) Funds for the program: these shares will be repurchased with total funds from available profit reserves, excluding the reserves referred to in Article 7 of CVM Instruction 10/80;

(v) Brokers acting as intermediaries: the repurchase will be carried out through one or more of the following brokers:

a) HSBC CORRETORA DE TITULOS E VALORES MOBILARIOS S.A.
Avenida Faria Lima, 3.064, 2º andar, Itaim Bibi
CEP 01451-000 – São Paulo – SP
Corporate Taxpayer ID (CNPJ): 58.229.246/0001-10

b) CREDIT SUISSE (BRASIL) S.A. CORRETORA DE TÍTULOS E VALORES MOBILIÁRIOS
R. Leopoldo Couto de Magalhães Jr., 700 – 10º andar, Itaim Bibi.
CEP: 04.542-000 – São Paulo – SP
Corporate Taxpayer ID (CNPJ): 42.584.318/0001-07

c) SANTANDER BRASIL S.A. CORRETORA DE TITULOS E VALORES MOBILARIOS
Avenida Juscelino Kubitschek, 2235, 24º andar, Vila Olímpia
CEP: 04543-011 – São Paulo – SP
Corporate Taxpayer ID (CNPJ): 51.014.223/0001-49

d) BRADESCO S.A. CTVM
Av. Paulista, 1450 – 7º andar
CEP: 01310-917 – São Paulo – SP
Corporate Taxpayer ID (CNPJ): 61.855.045/0001-32

Denys Marc Ferrez
Investor Relations Officer

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