Put Andre Jerusalem  – 13/5/2020

In line with recent changes promoted by CVM to assist companies in complying with obligations due to the crisis generated by COVID-19, CVM submitted to public hearing a draft instruction that will address remote participation and voting in meetings of holders of debentures issued by publicly-held companies that have been publicly offered or admitted to trading on securities markets, in particular to establish conditions for holding said meetings exclusively digitally.

The CVM chose not to include the possibility of a remote debenture holders' meeting in CVM Instruction 622, of April 17, 2020, as it understands that said debenture holders' meetings are different from shareholders' meetings in several aspects.

We are aware of the changes that were proposed in the public hearing minutes, and as soon as the instructions are published, we will inform our customers and partners of the changes.