(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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