JSL S.A. (“JSL” or “Company”), (B3:JSLG3), a publicly-held corporation, pursuant to the provisions of CVM Instruction 358 of January 3, 2002 (“ICVM 358”), hereby informs its shareholders and the market in general that, on August 30, 2018, Movida Participações S.A. (“Movida”), a publicly-held company controlled by JSL, signed a nonbinding Letter of Intent (“LOI”) with AVIS BUDGET CAR RENTAL, LLC a subsidiary of AVIS BUDGET GROUP (“Avis”) for a Strategic Partnership (“Transaction”).
The Transaction includes the following items:
Through the Transaction all Movida clients will be in a position to benefit from being served in more than 180 countries throughout the Avis global network and all Avis customers will be served by Movida in Brazil.
Investor Relations Area:
Phone: +55 (11) 2377-7178